SEBI notifies norms for intimation of board meeting
Q. SEBI has recently informed listed companies to notify stock exchanges at least how many days in advance regarding board meetings on proposals related to buyback of securities, voluntary delisting and fund raising?- Published on 20 Sep 15a. 2
b. 3
c. 4
d. 5
ANSWER: 2
Under new norms, prior intimation of a board meeting must be forwarded to stock exchanges 2 days prior. Move aims to create transparency in business affairs of listed firms. For financial results, at least 5 days advance notice is required prior to consideration of such a proposal of the company. As regards alteration in date pf payment of interest or nomenclature of securities listed in stock exchange, listed firms will have to tell the bourses at least 11 working days prior about board meetings of such proposals. New norms are part of listing regulations of SEBI which have been aligned with the Companies Act 2013.
