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Sebi, Centre at odds over easing disclosure norms for listed NCDs

If the proposal is approved, companies listing their non-convertible debentures won't be obliged to meet disclosure norms

sebi
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The market regulator is of the view that disclosure requirements cannot be ended abruptly because investors will be unaware of the company’s financials and other pieces of information

Shrimi Choudhary New Delhi
The capital market regulator, Securities and Exchange Board of India (Sebi), and the government are at odds over the proposal to relax disclosure norms for listed non-convertible debentures (NCDs). Sources in Sebi said the implementation won’t be easy, as a minimum disclosure should be required the moment a company lists debenture on exchanges. 

The market regulator is of the view that disclosure requirements cannot be ended abruptly because investors will be unaware of the company’s financials and other pieces of information and this may hurt their interests. Sources said the regulator has asked the concerned committee on the primary market and

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