TABLE OF CONTENTS
LIST OF ABBREVIATIONS;
LIST OF TABLES;
LIST OF FIGURES;
CHAPTER-1: INTRODUCTION;
1.1. INTRODUCTION;
1.2. STATEMENT OF THE PROBLEM;
1.3. RESEARCH OBJECTIVE;
1.4. RESEARCH QUESTIONS;
1.5. HYPOTHESIS;
1.6. CHAPTERISATION;
1.7. RESEARCH METHODOLOGY;
1.8. LIMITATIONS OF THE STUDY;
1.9. RELEVANCE OF THE STUDY;
CHAPTER 2: DISCLOSURES: A THEORETICAL OVERVIEW;
2.1 INTRODUCTION;
2.2 DISCLOSURES AND CORPORATE GOVERNANCE;
2.3 DISCLOSURE AND SECURITIES REGULATION;
2.4 MEANING AND PURPOSE OF DISCLOSURE;
2.5 TYPES OF DISCLOSURES;
2.6 OCCASION OF DISCLOSURES;
2.7 SHAREHOLDING LANDSCAPE IN INDIA;
2.8 VOLUNTARY DISCLOSURES;
2.9 MANDATORY DISCLOSURE;
2.10 JUSTIFICATION FOR MANDATORY DISCLOSURES;
2.11 COSTS AND BENEFITS OF DISCLOSURES;
2.12 MANDATORY VERSUS VOLUNTARY DISCLOSURE;
2.13 MANDATORY DISCLOSURES AS A REGULATORY STRATEGY;
2.14 LIMITATIONS OF DISCLOSURE;
2.15 CONCLUSION;
CHAPTER 3: REGULATORY FRAMEWORK: DISCLOSURES IN PUBLIC ISSUE IN INDIA;
3.1 INTRODUCTION;
3.2 INDIA AND ITS SECURITIES MARKETS;
3.3 WHY COMPANIES GO PUBLIC?;
3.4 PRIMARY MARKET: CURRENT TRENDS;
3.5 REGULATORY FRAMEWORK OF PUBLIC ISSUE IN INDIA;
3.6 PROSPECTUS: AN INSTRUMENT OF DISCLOSURE IN A PUBLIC OFFER;
3.7 ‘MATERIALITY’- A KEY DISCLOSURE CONCEPT;
3.8 CONTENTS OF DISCLOSURE IN A PROSPECTUS;
3.8.1 Risk Factors;
3.8.2 Issue related information;
3.8.3 Issuer specific information;
3.8.4 Other Miscellaneous information;
3.9 MISLEADING INFORMATION/ MISSTATEMENT/NON-DISCLOSURE IN A PROSPECTUS;
3.9.1 Liabilities for omission or misstatements;
3.9.2 Remedies available against misrepresentation/ misstatements;
3.10 INITIATIVES BY REGULATOR IN PRIMARY MARKET;
3.11 CONCLUSION;
CHAPTER 4: REGULATORY FRAMEWORK: CONTINUAL DISCLOSURES BY LISTED COMPANIES IN INDIA;
4.1 INTRODUCTION;
4.2 FUNCTION OF CONTINUAL DISCLOSURE;
4.3 CONTINUAL DISCLOSURES REGULATED THROUGH PRINCIPAL LEGISLATIONS IN INDIA;
4.4 REGULATORY FRAMEWORK;
4.4.1 Financial Reporting: Disclosure Requirements and Regulatory Framework;
4.4.2 Non-financial Reporting: Disclosure Requirements and Regulatory Framework;
4.5 FORM AND CONTENTS OF DISCLOSURES;
4.5.1 Financial Statements;
4.5.2 Director’s Report/ Board’s Report;
4.5.3 Corporate Governance Report;
4.5.4 Auditor’s Report;
4.6 PRINCIPLE OF ‘MATERIALITY’: what constitutes material information?;
4.6.1 Materiality in Financial Reporting;
4.6.2 ‘Materiality’ in Non-Financial Reporting;
4.7 LODR REGULATIONS: A CRITICAL ASSESSMENT;
4.8 LIABILITY IN CASE OF MISSTATEMENTS OR OMISSION;
4.9 ENFORCEMENT;
4.10 CONCLUSION;
CHAPTER 5: ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) DISCLOSURES: STANDARDS AND PRACTISES OF INDIAN LISTED COMPANIES;
5.1 INTRODUCTION;
5.2 NON-FINANCIAL DISCLOSURES: CONCEPTUAL UNDERPINNINGS;
5.3 DEVELOPMENT OF SOCIAL & ENVIRONMENTAL REPORTING;
5.3.1 International Position (USA, UK, Europe);
5.3.2 Position in India;
5.4 SUSTAINABILITY REPORTING: WHOSE ACCOUNTABILITY IS IT?;
5.5 SUSTAINABILITY REPORTING STANDARDS /FRAMEWORK;
5.5.1 International Reporting Framework;
5.5.2 Sustainability Reporting frameworks in India;
5.6 EMPIRICAL STUDY;
5.6.1 Research Methodology;
5.6.2 Sample;
5.6.3 Research Analysis & Findings;
5.6.4 Observations and Conclusion;
5.7CHALLENGES IN SUSTAINABILITY REPORTING;
5.8 CONCLUSION;
CHAPTER 6: DISCLOSURES: AN INVESTOR’S PERSPECTIVE;
6.1 INTRODUCTION;
6.2 ‘INVESTOR’ UNDER SECURITIES LAWS;
6.2.1 Types of Investors;
6.2.2 Mutual Funds;
6.2.3 Institutional Investors: Shareholding Landscape;
6.2.4 Institutional Investors: Role in Corporate Governance;
6.2.5 Institutional Investor Activism;
6.3 ‘INVESTOR POTECTION’ UNDER SECURITIES LAWS;
6.4 Too much disclosures? COST AND CHALLENGES OF DISCLOSURES;
6.4.1 Retail Investors;
6.4.1.1 Investor Survey (an empirical study);
a) Research Methodology;
b) Research Sample & Profile of Respondents;
c) Research Analysis;
d) Research Findings;
6.4.2 Institutional Investors;
6.5 RECENT INITIATIVES TO IMPROVE UTILITY OF DISCLOSURES;
6.6 CONCLUSION;
CHAPTER 7: CONCLUSIONS AND RECOMMENDATIONS;
7.1 INTRODUCTION;
7.2 OVERVIEW OF ANALYSIS AND FINDINGS FROM PREVIOUS CHAPTERS;
7.3 RECOMMENDATIONS;
7.4 CONCLUDING REMARKS;
BIBLIOGRAPHY;
LIST OF LEGISLATION;
LIST OF CIRCULARS & PRESS RELEASE;
LIST OF CASES;
LIST OF BOOKS/ CHAPTERS IN A BOOK;
LIST OF JOURNALS;
LIST OF REPORTS & PUBLICATIONS;
LIST OF NEWSPAPERS & INTERNET SOURCES;
LIST OF SPEECHES;
ANNEXURE (INVESTOR SURVEY).