Standard Listing Agreement Of Stock Exchanges

“Given the principles-based approach, the standards of significance and subjective disclosure obligations will continue to get stuck for some time after the rules come into force. It might initially make life difficult for a company, but abandoning Bright-Line testing is a necessary step,” Parekh said. All information that affects a company`s creditworthiness has an impact on its good business. The cash position should be disclosed on the stock markets and be part of the company`s disclosure policy,” Mr. Kumar said.┬áNot only does this increase the legal force behind provisions that impose post-listing and disclosure obligations, but it also opens up new ways for shareholders to enforce post-listing requirements,” said Sandeep Parekh, founder of Finsec Law Advisors. . . .

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