Top 100 companies to verify market rumours promptly starting June 1 - MMJC

Under new Sebi’s rule, these companies will have to ‘confirm, deny, or clarify any reported event or information in the mainstream media that is not general in nature and that indicates that rumours of an impending specific material event’ are circulating amongst the investing public within 24 hours from the reporting of the information.

“The move would dissuade leaking of information that would affect the valuation in the given corporation action. This initiative of Sebi would help strengthen the rumour verification framework. It would help in achieving a fair market thereby making it a preferred market for investors all over the world,” Makarand M Joshi, founder, MMJC and Associates, a corporate compliance firm, said.ork. It would help in achieving a fair market thereby making it a preferred market for investors all over the world.

Views of our Partner – Mr. Makarand Joshi – shared in Money Control and Business Standard.

https://www.business-standard.com/markets/news/top-100-firms-must-verify-market-rumours-within-24-hrs-starting-today-124060100260_1.html

https://www.moneycontrol.com/news/business/top-100-companies-to-verify-market-rumours-promptly-starting-june-1-12738290.html