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Listed Cos. get breather from SEBI; implementation of debt default guidelines deferred

October 3, 2017
The SEBI has deferred the implementation of its circular No. CIR/CFD/CMD/93/2017 dated August 4, 2017 which mandated listed firms to disclose loan defaults to stock exchanges starting October 1, 2017. In August 4, 2017 circular, SEBI had made it mandatory for listed companies to disclose any instance of a default on the payment of interest or repayment of principal to banks or financial institutions within a day of the default.
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