SEBI amends disclosure guidelines

NEW DELHI, JANUARY 25 (AGENCIES)At its board meeting in Delhi today, the Securities and Exchange Board of India, Sebi, amended disclosure guidelines.

The market regulator also amended the pre-issue advertisement norms to help reduce cost. Sebi has said that pre-issue advertisements can have minimum details. Sebi also removed curbs on appointment of co-managers, advisors to issue.

The Sebi board meeting was held in Delhi today to consider among other issues the recent trends in the stock market.

The board was also supposed to discuss the plans for the proposed
headquarter building at Bandra-Kurla complex. The meeting was the first
one after the stock market witnessed a surge in volatility in the recent past and after the Reserve Bank of India expressed concern over the nature of Foreign Institutional Investments in India.