Finmin asks Sebi to make greater disclosure in the annual report

Ministry put out a new rule through a gazette notification

The Finance Ministry has suggested several changes in the Securities and Exchange Board of India’s (Sebi's) annual report format seeking “true and full account of its activities”, policies and programmes of the whole year. The new format demands greater disclosure and in-depth analysis of each segment ranging from corporate governance to regulatory action taken by the market regulator. 

Under the new format, Sebi’s annual report will now include the regulator’s source of funds and major area of expenditure; greater disclosure in terms of corporate governance and corporate restructuring for instance details of merger and acquisition deals, regulatory action taken by