Some disclosures by listed cos leave a lot to imagination: Sebi official

Unless internal controls are strong, comprehensive, and effective, "what we see outside (in terms of financial reporting) may not be a truthful depiction

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The Securities and Exchange Board of India wants listed companies to ensure their disclosures under the listing regulations are clear and comprehensive, given that some of these leave a lot to imagination, Chief General Manager Rajesh Dangeti said Thursday at a conference on corporate governance organised by the FICCI here. Dangeti said when one goes through disclosures made by listed companies to stock exchanges, "we find, yes, in letter there is a disclosure but in spirit whether there