200 listed firms under scanner
Nearly 200 listed firms have come under regulatory scanner for discrepancies in their quarterly Corporate Governance Reports.business Updated: Jan 10, 2013 21:28 IST
Nearly 200 listed firms have come under regulatory scanner for discrepancies in their quarterly Corporate Governance Reports. Thus, they are are required to provide details of compliance with norms governing board of directors, use of public funds and CEO salaries.
Besides, hundreds of other firms have been found to be late in submission of these reports, which are required to be submitted to the stock exchanges within 15 days from the end of every quarter.
These firms are being asked to rectify the discrepancies in their reports and to explain the non-submission or late submission, following which action, if any, would be decided, a senior official said.