"Today, there are 1,100 companies which are not compliant with the requirement of clause 35 of shareholding pattern, which means the direction with regard to shareholding pattern has not complied with. . .
"Also, there are 900 companies which are not compliant with the corporate governance norms as per clause 49. . . .
"You will accept that this can't go on like this," Sebi chairman, U K Sinha said addressing a capital market summit organised by Federation of Indian Chambers of Commerce and Industry in Mumbai.
"We are going to announce something on Monday. . . With regard to quality of corporate disclosures, we have decided to come up with detailed guidelines about quality of corporate disclosures," Sinha said adding their details will be released on Monday.
The regulator also said that it would have a re-look at the delisting guidelines.
"We will have a re-look at delisting guidelines. . .The process has already started," Sinha said adding if required, Sebi may look at the rules for preferential allotment of shares by companies.
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