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Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (154)	2/15/2000 12:27:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 494

Another Boost to Online Trading By Hari Menon India Correspondent, asia.internet.com [February 15, 2000--MUMBAI] The Securities and Exchange Board of India (SEBI) committee on Internet trading is planning to permit online filing by listed companies and facilitate the retrieval of this data by investors from Web sites created by stock exchanges. The committee, which is closely studying online filing and data retrieval systems adopted in developed markets, had in an earlier report recommended allowing stock trading through the Net. The committee is now working on how other Net-related services can be introduced. The idea is that the services provided through the Internet could ensure transparency in the markets and help enhance investor protection. Electronic filing is expected to lead to faster availability of information to investors, making information access less expensive and more widespread. Investors should soon be able to access company-related information through the Internet. As companies in India are required to file documents not with the SEBI but the Registrar of Companies (RoC), the regulator will enforce the move through stock exchanges, as companies are bound by the listing agreements, to furnish all relevant information. "Once the system is in place, investors would be able to log on to a Web site provided by an exchange and be able to retrieve data," said a committee member. "Companies will be allowed to file information online, which would make it easier for them to file documents to the stock exchange." The committee is expected to frame the guidelines for stock exchanges soon.