Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: ACCOUNTING STANDARD :: form 3cd :: VAT Audit :: due date for vat payment :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Sebi wants listed cos to provide more info
September, 30th 2009

Sebi chairman CB Bhave on Tuesday said the markets regulator will focus on listed companies which are not ready to provide information to independent research units.

Sebi will also go beyond the statutory disclosure norms and look at independent research agencies for more details. Speaking at the launch of independent equity research (IER) by Crisil, Bhave said disclosing such information will ensure transparency and help investors to understand their investment decisions better.

A Crisil research report shows that out of the 3,500 active listed companies, large cap stocks attract most of the research coverage, while 80% of all traded companies have no analyst coverage. Among those covered, only 170 companies, or 6% of the traded volume, are covered by more than 10 analysts.

Bhave added that there will be reports commissioned by investors for which Crisil may not find enough collaboration from the concerned company. He hoped that Crisil will state in its report that the information provided by the concerned issuer was not sufficient to evaluate.

It will help us regulators to know which companies are not ready to give out information and focus on such companies in greater detail. Itll also help investors to know the corporates who are not prepared to share sufficient information about them, said Bhave.

Sebis Committee on disclosures and Accounting Standards (Scoda), the standing Sebi committee which advises on matters relating to disclosures and accounting standards, recently came out with a discussion paper on several factors to make disclosures more transparent and investor friendly.

Prime recommendations from Scoda include having listed firms declare their balance sheet details on a half-yearly basis, rotation of statutory auditors and the reduction of the time-frame for declaring annual results.

The Crisil IER can be commissioned either by an investor, a stock exchange or a company and will cover listed companies in the mid and small-cap segment largely untouched by the present research analyst.

A lot of us regret the fact that there is no liquidity beyond certain actively traded large cap stocks. This product is what the investors precisely need. It will help create liquidity in those stocks that dont have any kind of equity research coverage, Bhave said.

He, however, advised Crisil to disclose information on the person or entity who has commissioned the research report so that investors have a better understanding of the company.

Our efforts will be to address this huge gap in equity research where most of the listed companies have limited coverage. The Crisil IER will help such companies become visible to a wider audience, said Roopa Kudva, MD & CEO, Crisil Ltd.

The research will address two important parameters in the investment process where grades will be assigned to the fundamentals and valuations of a company.

Unlike traditional research that provides buy, sell or hold recommendations, Crisil IER will assign grades on the fundamentals and valuations of a company. These grades will be on a five point scale, with five being the highest and one the lowest.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions