Lok Sabha Question No. 1210 (UNSTARRED), answered on 2018-02-09
Subject: NSE and BSE Trading
Ministry: FINANCE
Asked by: RAJESHBHAI NARANBHAI CHUDASAMA

## Govemment of India Ministry of Finance Department of Economic  Affairs

## LOKSABIIA UNSTARRED QUESTION  NO. 1210 TO BE ANSWERED  ON FRrDAY,  gth  FEBRUARY,2018/  MAGHA 20, 1939 (Saka)

## NSE AND BSE TRADING

## QUESTION

## 1210. SHRI RAJESHBHAI  CHUDASAMA:

Will the Minister  of FINANCE  be pleased to state:

- (a) whether the Govemment has any data on the total\_volume  of money invested  in various stocks in National Stock  Exchange QriSE)  and Bombay  Stock Exchange (BSE) trading;
- (b) if so, the details thereof  and ifnot, the reasons  t}rerefor;
- (c)whethertheGovemmenthasinitiatedanycheckandmonitorSystemontheveracityof financials/perfbrmances  of comparies  listed in NSE and BSE, if so, the details thereof;  and
- (d)thestepstakenbyGovemmenttoprotecttheinvestmentmadebycommonpeopleirrvarious stocks?

## ANSWER

## MINISTER OT'STATE IN THE MINISTRY OF FINAI\ICE (SHRI PON RADHAKRISFINAN)

(a)  and &):  The Securities  and Exchange Board of India  (SEBI) has informed  that while the data on the amount of money invested  in variois  stocks is not available' the annual  total tumorer of equity ;;;r; of Bombay  Stocr rxchange  (BSE) { National stock Exchange  (NSE) stood at Rs. 51,84,500 ci-i".  +s,ll,ol2 br., Rs. AO,ii,tlc  br. and Rs. 69,70,610,Cr.  respectively  in ilre Financial Year  (FY) 2014\_15,2015-16,2016-t7  urra iotz-ts  (up till February 1, 201S). In terms of market capitalization, tlre amount  invested in listed  companies  was at Rs .1,53,i0,975  Cr' as on 31't January  2018'

G)!  SEBI has informed  that listed companies  submit their financial information  on a quarterly  and annual  basis with the stock exchanges tn which their securities  are listed and the stock exchanges -onito. tt"  adequacy  and acc,,afy of the financial  results  disclosed by listed companies  by undertaking  the following  checks:

- i. verification  for adoption  of correct reporting  format in terms of Schedule III of the companies Act,20l3:
2. Basic arithmetical checks  for data consistency; 11.
3. fUirrirg submissions such as Co'nsolidated  Financial Results,  Audit  report, limited  review i"pon,"e-fn  Reconciliation  statement between  Indian Accounting  Standards  (IND-AS)  and Indian  - Generally  Acceped  Accounting Prfurciples (IND-GAAP); iv.
4. Mismatch  in Net profit and Eamings Per Share (EPS) calculations; iii.
5. Inconsistency  in accoturiing  standards across  quarters;  and
6. Non-submission  of Asset-Liability statements' vl.

(d):  SEBI  has informed that in order to enable  investors to mak.e well-informed investment  decisions, comprehensive  disclosure requirements  on a continuous  basis have been prescribed under the c,cBI (Listing Obligations and Disclosure Requirements)  Regulations,  2015 to ensure timely, adequate  and accwate disclosure  of information  to the investor.  Further,  certain  disciplinary actions  for violation of these provisions  have also been prescribed,  including imposition of fines and freezing  of promoter holdings. SEBI as well as the stock exchanges  have put in place a surveillance mechanism to monitor trading  in stock exchanges  and in case of any abnormality, take appropriate  action against the concerned entities.  In addition, SEBI has stated that it construrtly  makes efforts for awareness and protection of the small investors. Further, the grievances lodged by investors are taken up with the respective  listed company  or intermediary and monitored  on a regular  basis.

,1.  *:1.  *  rf