SME Times News Bureau | 20 Nov, 2019
Listed companies will have to disclose loan defaults beyond 30 days to
the stock exchanges, Securities and Exchange Board of India Chairman
Ajay Tyagi said after the SEBI board meeting, here on Wednesday.
According
to new provisions, in case of a default in repayment of "principal or
interest on loans" from banks or other financial institutions beyond 30
days, it will have to be disclosed within 24 hours.
The SEBI also reduced timeline for "rights issue" to existing shareholders of listed companies.