INSUBCONTINENT EXCLUSIVE:
Mumbai: Listed companies and their promoters are caught in a legal quandary due to the Covid-19 outbreak
development on a continuous basis
However, disclosing the same in the current scenario could lead to a sharp sell-off in their stocks
There are also fears of being prosecuted under the Insider Trading rules since any material information withheld from disclosure will be
construed as price sensitive.
Sebi on Friday relaxed the disclosure norms for companies by allowing them to file the March quarter results
by June 30, 2020 and has also given exemptions in terms of mandatory board meetings
shares of their own companies in the recent past to boost investor confidence
pandemic, it will be difficult for listed companies to estimate the potential impact of the same on its business operations or financial