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SEBI has come out with a “stricter timeline” for disclosure of material events or information by listed companies and introduced criteria for determining the materiality of events. Under the framework, the regulator asked listed companies to disclose family settlement agreements, which can impact the management and control of such firms to stock exchanges. These agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party. Further, for material events or information which emanate from the listed entity, including those related to acquisitions, Scheme of Arrangement, consolidation of shares, and buyback of securities, the timeline for disclosure by the entity has been reduced from 24 hours to 12 hours. In case of information that emanates from a decision taken in a meeting of the board of directors, the disclosure needs to be made within 30 minutes from the closure of such meeting. Besides, the timelines have been fixed 24 hours from the occurrence of the event in case the information is not emanating from within the listed entity. This included a revision in rating, fraud or defaults by a listed entity, its promoter, directors; restructuring in relation to loans from banks, one time settlement with a bank and winding-up petition filed by any party / creditors. With regard to criteria for determining the materiality of events, one of the criteria is the omission of an event, whose value or the expected impact in terms of value, exceeds the lower of 2 per cent of turnover, or 2 per cent of net worth as per the last audited consolidated financial statements or 5 per cent of the average of absolute value of profit or loss after tax, as per the last three audited consolidated financial statements of the listed entity.
Customarily, the departing (A) / president holds a brunch for the (B) / ongoing president on Inaugural Day. (C) / No error (D)
The match was so much (A)/enjoyed by all concerned that (B)/it was unanimously agreed making (C)/this the first of a regular series (D).
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark ...
Nazi war criminals accused with (A)/participating in the Holocaust continue (B)/to stand trial and any attempt (C)/of denial is met with punishment (D).
Given below are sentences with an error in each. The error is in one part of the sentence. Below each sentence are given the options containing the par...
Except for coastal peninsular areas, (A)/almost all of the India (B)/received deficit rainfall in March (C).
The shrill wine and (A)/unbearable thunder of (B)/falling bombs dug in under (C)/my skin and stayed there (D).
The following sentence has been split into four segments. Identify the segment that contains a grammatical error. ...
The roof besides them had a (A) great hole smashed through it, (B)/ and pieces of glass was lying (C)/ scattered on every direction (D).