Generally, release various information enterprise and the like vis-a-vis interest person such as investment person and obligee, including the circumstance of management and financial affairs. Or it is the information disclosure system which requires that.

As for the indian disclosure system, when there are some which are decided by the thing and the commercial law which are decided by Securities and Exchange Law, it is the stock presentation company, there are some which are based on the request of the stock exchange and the like. In addition, whenthe optional information disclosure which is done as part of IR activity of enterprise is included, it is.

As for these basically, being something which is done by the securities issue body in order to offer the data which is necessary to for the investor to do investment judgement, business contents and financial affairs circumstance etc. by the fact that it discloses accuracy fairly and at the appropriate time, investor protection (self responsibility of the investor) the fact that it assures is purpose.

With Securities and Exchange Law, the securities report every of business year and half the report, it decides that the registration statement is submitted vis-a-vis Prime Minister at the time of new share issue vis-a-vis presentation enterprise. With commercial law, the balance sheet and the Profit and Loss Statement (or the gist) proclaiming is required especially and the general meeting of shareholders which allow the perusal of the calculation document with thing and the main office etc. whichattach the calculationdocumentto summonsnotification of general meeting of shareholders vis-a-vis the large company without delay.

In self-restriction agency such as stock exchange it provides disclosure stipulation, disclosing the matter which has the possibility of having an influence on the judgement of the investor appropriately (timely disclosure) it seeks. Presentation enterprise means to do the distribution and reporter announcement etc. of balancing of accounts brief note achievement expectation (correction), in regard to the change and the like of the Chief Executive Officer, with this.

Concerning Securities and Exchange Law disclosure, "the law which amends the portion of Securities and Exchange Law and financial forward operation method" being formed in 2000 May, later, electrization is consecutively executed, "EDINET " works in2001 June. In regard to commercial law disclosure, replacing to public notice due to 2001 April amendment commercial law enforcement the balance sheet Profit and Loss Statement to the Web sight (past 5 years's amount) with publication was recognized, the system of electronicpublic notice appearedin 2005.

With electrization of stock exchange disclosure, for example Tokyo stock exchange constructed, "TDnet (Timely Disclosure network)" started work from 1998 April. As for the Tokyo Stock Exchange presentation company when important company information occurs, registering to TDnet at once is required.

English disclosure with "the fact that having hidden appears in light", is Freedom of Information Act in wide sense. The Freedom of Information Act system in government and the institute and the public system etc., it can (as for these the fact that such as release of product recall information, environmental-related information and the traceabilityinformationin the chart disclosure and general enterpriseof the medical institution you see as the link of CSR) it is included in broad disclosure. In addition, in the field of IT release and the like of the source code there are times when it is expressed "disclosure".