NSE, BSE to launch joint portal

In a bid to provide the retail investors quick access to corporate information, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) would be launching a unique web portal whereby member companies would be filing their information the at common platform.

Both exchanges are presently working on the project and the webportal is expected to would go live on Jaunuary 1, 2007.

"In common filing system, a company is required to file only once irrespective of whether it is listed on BSE or NSE. In this portal, information mandatorily required in terms of the listing agreement in respect of companies listed in BSE/ NSE, shall be available at one place. Once operationalized, investors will be able to access at the website the latest filings by any corporate irrespective of the exchange on which the shares of the corporate are listed," a BSE release said here.

SEBI will mandate electronic filing by listed companies in a phased manner. The common filing and dissemination portal shall come in to place by April 1, 2007, it added.