Indian stock exchanges adopt mandatory XBRL for investor grievance reporting
In the latest example of India’s ongoing embrace of XBRL, the BSE (formerly Bombay Stock Exchange) and the National Stock Exchange of India (NSE) have issued circulars requiring listed companies to file information on investor grievances in XBRL. These disclosures include the number of investor complaints pending at the beginning of the relevant quarter, those received during the quarter, those disposed of, and those remaining unresolved at the end of the quarter. The Exchanges have taken the initiative to make the switch to XBRL, in consultation with the Securities and Exchange Board of India (SEBI), “with a view to making the disclosure more accurate and efficient.”
