The Securities and Exchange Board of India (SEBI) has finally modified the equity listing agreement. The modifications include provisions for monitoring of utilization of issue proceeds and electronic filing through CFDS.

An official release said, “It has been decided to amend Clause 49 of the equity listing agreement, requiring the issuer company to place the monitoring report before its audit committee.”

Listed companies shall, in a phased manner, be required to file information with the stock exchange only through a new portal Corporate Filing and Dissemination System (CFDS), it added.

Indian Stocks markets ended the day with marginal gains. BSE Sensex touched a high of 20,323 but ended the day with gain of 24 points at 20,216. NSE Nifty also gained 11 points to close at 6081.

New Delhi: The Corporate Affairs Ministry has made announcement that before investing funds, the capitalists must consult them to obtain information about promoters’ track record, compliance positi

In an important move, Government has allowed all trusts to invest in securities, including shares and bonds of listed companies.