SEBI issues FAQs on Listing Obligations and Disclosure Requirements, Regulations, 2015; Clarifies that director of a listed entity can be member in maximum 10 Committees and chairperson of more than 5 Committees of listed entities and unlisted public limited companies put together; On question relating to Reg. 33(3)(d) (which requires co. to submit audited standalone financial results for the FY), SEBI clarifies that co. having subsidiaries will have to prepare two sets of Form A and/or Form B, one for standalone results and another for consolidated results based on the respective audit report; With respect to submission of Annual Information Memorandum to stock exchange(s), SEBI states that the said requirement will become applicable as and when Memorandum is specified; SEBI clarifies on company’s role in ensuring compliance of securities transmission (under Reg. 40(3)), states that compliance may be ensured where listed entity is managing the share transfer in-house, but where share transfer agent is appointed then it is imperative on listed entity to supervise the activities of its agent; With reference to Reg. 46(2)(n) that requires listed entity to disseminate on its website the details of agreements entered into with media cos. and/or their associates, SEBI clarifies that only such agreements that are not in normal course of business shall be disclosed: SEBI
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