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Friday, Dec 30, 2005


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Clause 49

This refers to the report `Finance Ministry does not favour extending Clause 49 deadline' (Business Line, December 28). After giving nearly six months, SEBI is forcing listed companies to abide by Clause 49.

This new move will ensure transparency which will ultimately induce the public to make long- and short-term investments. The regulator must enforce corporate governance through such measures.

Krishnan

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Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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