Mumbai, Nov 20 (SocialNews.XYZ) Listed companies will have to disclose loan defaults beyond 30 days to the stock exchanges, Securities and Exchange Board of India Chairman Ajay Tyagi said after the SEBI board meeting, here on Wednesday.
According to new provisions, in case of a default in repayment of "principal or interest on loans" from banks or other financial institutions beyond 30 days, it will have to be disclosed within 24 hours.
The SEBI also reduced timeline for "rights issue" to existing shareholders of listed companies.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
