The Securities and Exchange Board of India (Sebi) wants stock exchanges to take a more proactive role in verifying information given out by listed firms and also enhance monitoring of various requirements under the Listing Agreement.The capital market watchdog has asked the bourses to put in place an appropriate framework, including adequate manpower, to effectively monitor the quality of the disclosures made by listed companies and detect any kind of non-compliance.

Source : http://www.financialexpress.com/news/sebi-tightens-disclosure-norms-for-cos/1196517

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