India's stock market regulator, the Security Exchange Board of India (SEBI) has sad that it is now mandatory for al listed firms to submit Business Responsibility Reports along with their Annual Reports.

Sebi also said that there will be a maximum tenure of 12 months for warrants issued along with public/rights issue of securities in order to avoid misuse. The new regualtaitons will be imposed on top 100 companies in terms of market capitalization intitailly and then will be extended to other listed firms in a phased manner.

"In order to assess fulfillment of the environmental, social and governance responsibilities of listed entities, it has been decided to mandate listed entities to submit Business Responsibility Reports, describing measures taken by them along the key principles enunciated in the `National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business' framed by the Corporate Affairs Ministry," the regulator said in a release.

The regulator will also ask the issuer to include details about utilisation of funds so raised in the offer document as well as on a continuous basis. SEBI has also decided to prescribe a minimum allotment size of Rs 5 crore and maximum number of anchor investors slab-wise for making it more effective.

The board of the regulator approved amendment to Regulation 7A of the SEBI (Debenture Trustee) Regulations, 1993, to increase the net worth requirement for the debenture trustees from Rs. 1 crore to Rs. 2 crore. The regulator has granted two years to existing debenture trustees to comply.