New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    SEBI has introduced the issue summary document for

    filing papers pertaining to IPO and for further issue of securities in XBRL format which   will be done in a phased manner starting_______ 
    A March 1,2023 Correct Answer Incorrect Answer
    B April 15,2023 Correct Answer Incorrect Answer
    C May 31,2023 Correct Answer Incorrect Answer
    D June 30,2023 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      SEBI has introduced the issue summary document for filing papers pertaining to IPO and for further issue of securities in XBRL format, a move that will help provide data to stakeholders in a structured manner. This is part of the SEBI’s effort to make available relevant information at the stock exchanges and depositories in a structured manner.   The rollout of the Issue Summary Document (ISD) will be done in a phased manner starting March 1, 2023. XBRL (Extensible Business Reporting Language) is a language for the electronic communication of business and financial data used for business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information.

    Practice Next

    Relevant for Exams: