Corporate Governance concept arrived after massive and abrupt scams were unfolded in the world. A transparent working environment became a must for safeguarding the interest of the stakeholders as well as of the Organizations. Numerous measures were undertaken to cope such issues which resulted in framing of set of guidelines, principles, rules and regulations. The advent of Corporate Governance itself holds a story to foretell but this all lead to transparent mechanism need. Thus, corporate governance disclosure norms came in the existence with the help of Securities Exchange board of India. An extensive set of accounting measures and the collection of corporate governance reforms worked to align corporate insiders’ and auditors’ behaviour and decisions with the interests of investors. Suggested reforms enlightens the way to present a combination of historical values, exit values, and also the discounted values of future money flows expected from the specified use of combinations of assets within the organization. Such market‐based reforms would require auditors to insure misrepresentations, and for managers to take equity to persuade truthful reporting. This paper primarily focuses on the needs of such disclosure practices in accordance with the SEBI (Listing Obligations and Disclosure Requirement) and does such disclosure practices works as a boon or bane for the organization and its stakeholders or not.

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Keywords: Corporate Governance, SEBI, Disclosure, Stakeholders, Disclosure Requirement.