Extension Of Timeline For Verification Of Market Rumours By Listed Entities

Narendra Kumar

07 Oct, 2023

SEBI   (Listing   Obligations and   Disclosure Requirements) Regulations, 2015 proviso 30(11) mandates that starting from October 1, 2023, for the top 100 listed entities based on market capitalization, and from April 1, 2024, for the top 250 listed entities based on market capitalization, it is obligatory to verify and provide confirmation, denial, or clarification in response to market rumours.

The effective date of implementation of the proviso for the top 100 listed entities by market capitalization is February 1 2024, and for the top 250 listed entities by market capitalization, to August 1, 2024.