ABSTRACT

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Disclosure Obligations of Listed Companies in India: the Past, the Present and the Future

Author: Varun MANSINGHKA and Kastubh MADHAVAN

Type: Article : News

ref: 32016323-332

N0:3 of 2016

Pages: 323-332

On 1 December 2015, the Indian corporate disclosure regime underwent a complete overhaul. The Securities Exchange Board of India enacted the Listing Obligations and Disclosure Requirement Regulations, thereby replacing the pre-existing law in its entirety. These regulations cover the entire gamut of the relationship between publicly listed companies and stock exchanges and also contain the complete code for mandatory disclosures by listed companies. This paper seeks to critically analyse the new regulations, in light of past lessons of regulatory reforms and judicial precedents, to ascertain the effectiveness and future prospects of the reformed disclosure regime in India.