REGULATORY UPDATE: DEFERMENT OF IMPLEMENTATION OF SEBI CIRCULAR DATED 4 AUGUST 2017 REGARDING DISCLOSURE BY LISTED ENTITIES

SEBI vide its circular dated 4 August 2017 had directed listed companies to disclose details on defaults of loan payment from banks and other financial institutions to the public within one working day. Now, SEBI vide its circular dated 29 September 2017 has deferred the implementation of its rule announced on 4 August 2017 which mandated listed firms to disclose loan defaults to stock exchanges starting 1 October 2017. Source:http://www.sebi.gov.in/media/press-releases/sep-2017/deferment-of-implementation-of-circular_36143.html  

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