INDIA: SEBI Proposes Changes to Corporate Governance Rules

Friday October 6 2017

News Source: Global Exchanges

Focus: Trading Rules

Type: General

Country: India

Link: http://www.sebi.gov.in/reports/reports/oct-2017/report-of-the-committee-on-corporate-governance-for-public-comments_36178.html

The Securities and Exchange Board of India SEBI has proposed that changes be made to Corporate Governance procedures, following a report into the matter.

One notable change which SEBI has proposed is to ensure that Financial Results be audited more strictly.

The SEBI Committee recommended that this be done by making quantification of audit qualifications mandatory, with the exception being only for matters of going concern or sub-judice matters .

Other proposals concern the possibility of Audited Financial Statements being submitted and accepted in electronic form. These proposals are subject to further change.

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