Sebi has extended the deadline for mandatory certification or denial of market rumours by listed companies.
The deadline for the top 100 listed companies has been extended by market capitalisation to February 1, 2024, according to the latest circular by the Securities and Exchange Board of India.
The rule is also effective for the top 250 listed companies from April 1, 2024, with the new requirements of April 1, 2024.
The proposed rule seeks to enhance corporate governance of listed companies.
Sebi said he had no idea what she was talking about, and he had no idea what he was talking about.
Earlier in June, Sebi notified rules asking listed companies by market capitalization to confirm, deny, or clarification any market rumour reported in the mainstream media.
These companies will have to 'confirm, deny or clarification any reported event or information in the mainstream media, which is not general in nature and indicates that rumours of an imminent specific material event' are circulating amongst the investing public within 24 hours from the reporting of the information.