The Securities & Exchange Board of India (SEBI) on Wednesday sought public comments on its proposal to make it mandatory for listed companies to prepare and publish an 'Annual Information Memorandum' (AIM).

The capital market regulator suggested that top 200 listed companies, based on market capitalisation on the Bombay stock Exchange or the National stock Exchange as on March 31, 2014, publish AIM from the start of current financial year.

While circulating a discussion paper on AIM, SEBI said, "It is felt that listed companies may be required to prepare an annual document where all the relevant information is available at one place. The objective of AIM is to provide shareholders . accurate and relevant information."

The regulator added that being comprehensive in nature AIM would provide investors with detailed information about a company at one place, which would help them in making informed investment decisions.

AIM would be approved by board of directors of the company prior to its dissemination.

For companies which are planning initial public offers (IPOs), the requirement of AIM would commence with the IPO. This would require that the disclosures made by the companies at the IPO stage be updated on an annual basis so as to ensure that at any point of time updated information about them was available in public domain.