Disclosure of Price Sensitive Information – A stitch in time saves nine

The Code of Corporate Disclosure Practices provided within schedule II of the SEBI (Prohibition of Insider Trading) Regulations, 1992, provides various requirements that are to be adhered to by all listed companies. One such requirement is that all listed companies must disseminate all price sensitive information to stock exchanges on a continuous and immediate basis….

Public Sector Banks as ‘public shareholders’ in stock exchanges

SEBI has suggested that public sector banks and financial institutions be considered as ‘public shareholders’ in stock exchanges. SEBI opined that imposing limitations on shareholding of banks and financial institutions by allowing them to hold shares in stock exchanges only as ‘public shareholders’ would adversely affect their levels of market participation. Three national stock exchanges…

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