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Compulsory report on board meetings within 48 hours: SEBI

 2015-11-04 15:35:08.0

sebi-officerKolkata : Market regulator SEBI on Wednesday said companies need to make disclosures to stock exchanges within 48 hours about the number of shareholders attending its board meeting as well as the mode of voting in the prescribed format.

Effective from December 1 this year, the Securities and Exchange Board of India has prescribed this in a circular.�The listed entity shall submit to the stock exchange, within 48 hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board," the circular said.

In separate circulars, SEBI has also listed the format which the companies need to follow to make such disclosures as well as present the business responsibility report.(IANS)

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