Should all publicly listed companies 'comply' with RTI Act?

Question

RTI = Right To Information Act

All stock market listed companies in Indians stock exchanges are predominantly 'owning' and 'operating' on public money.

This is enhance 'transparency' and enable retail investors to
invest wisely in companies through stock markets.

Answer 1

The shareholders of these companies get regular updates about the company operations through press releases, board meeting updates, annual reports etc. The shareholders can attend the general meetings and seek any information as they wish. The companies need to submit lots of information to Registrar of companies, various stock exchanges and SEBI etc. This information sources seem sufficient to enable anybody.

But the thought about linking companies to RTI is interesting.

Answer 2

It is great idea, but presently RTI act is applicable to only to public authorities.

And what act says about " "public authority"
>>>>>>>>>>

"public authority" means any authority or body or institution of self- government established or constituted—
(a)

by or under the Constitution;
(b) by any other law made by Parliament;
(c) by any other law made by State Legislature;
(d)

by notification issued or order made by the appropriate Government, and includes any—
(i) body owned, controlled or substantially financed;
(ii)

non-Government organization substantially financed, directly or indirectly by funds provided by the appropriate Government;

Answer 3

YES....
investors must be knowing whats happening in the organisation..that is the reason why they conduct general body meetings..issue press releases as n when there is an important thing,,,
It is the SEBI Guideline..Listed companies cannot avoid it....