SEBI notifies Listing Obligations & Disclosure Requirements, Regulations; Aligns with Cos. Act, 2013
SEBI notifies Listing Obligations and Disclosure Requirements, Regulations, 2015 (‘Listing Regulations’), prescribes 90 days for implementation; However, following provisions of the Listing Regulations are applicable with immediate effect: (i) Passing of ordinary resolution (instead of special resolution) for all ‘material related party transactions’ subject to related parties abstaining from voting on such resolutions, in line with Cos. Act, 2013 provisions, and (ii) Re-classification of ‘promoters’ as ‘public shareholders’ under prescribed circumstances; States that Listing Regulations will consolidate and streamline existing listing agreements provisions for different segments of capital market; States that Listing Regulations are structured to provide ease of reference by consolidating into one single document across various types of securities listed on the Stock exchanges; States that shortened version of Listing Agreement will be prescribed, in due course, which will be required to be signed by co. that proposes to get listed, clarifies that existing listed entities will be required to sign shortened version within 6-months of notified Listing Regulations: SEBI
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SEBI notifies Listing Obligations and Disclosure Requirements, Regulations, 2015 (‘Listing Regulations’), prescribes 90 days for implementation; However, following provisions of the Listing Regulations are applicable with immediate effect: (i) Passing of ordinary resolution (instead of special resolution) for all ‘material related party transactions’ subject to related parties abstaining from voting on such resolutions, in line with Cos. Act, 2013 provisions, and (ii) Re-classification of ‘promoters’ as ‘public shareholders’ under prescribed circumstances; States that Listing Regulations will consolidate and streamline existing listing agreements provisions for different segments of capital market; States that Listing Regulations are structured to provide ease of reference by consolidating into one single document across various types of securities listed on the Stock exchanges; States that shortened version of Listing Agreement will be prescribed, in due course, which will be required to be signed by co. that proposes to get listed, clarifies that existing listed entities will be required to sign shortened version within 6-months of notified Listing Regulations: SEBI
Download full notification(remain connected:)
CSGAURAV +919990694230
[email protected]
https://gauravsharmaassociates.wordpress.com https://femaindiaservices.wordpress.com https://www.facebook.com/gauravdelhiravpage
Subscribe to CS GAURAV SHARMA by Email
