Regulatory Alerts2017-04-27
Joint CMA NSE Circular No. 1 of 2017: Continuing Obligations for Issuers of Securities
This circular mandates that all issuers of securities publicly disclose comprehensive financial statements and adhere to strict timelines for reporting material information, dividend announcements, and quarterly returns. Issuers are required to publish specific financial components in at least two national newspapers within established deadlines to ensure adequate disclosure levels. Additionally, the guidelines formalize the reporting procedures for Annual General Meetings, shareholding disclosures, and cross-exchange synchronization to improve transparency for the investing public.
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