Greentick Dialogues - Decoding Recent Amendments under LODR Regulations!

Episode Duration -

60 Minutes

Episode Background:

Recently, SEBI has notified several changes to the LODR Regulations pursuant to proposals in a Consultation Paper on review of certain disclosure requirements under LODR Regulations, inter alia with respect to the disclosures of material events under Reg. 30 r.w. Schedule III Part A. Some of the incorporated proposals include quantifying the meaning of “material”, thereby limiting discretion with the listed entities, requiring amendments in Materiality Policy and reducing timelines for disclosures, mandatory verification of market rumours by top 100 listed entities, etc.

What shall the episode cover?

With an endeavor to add continuous value to our readers and power your accounting practice, India's first Accounting & Ind-AS Platform “Greentick” (https://greentick.taxsutra.com) is back with its exclusive “subscriber-only” thought leadership series titled “Greentick Dialogues” (where renowned accounting & auditing experts share their views/insights on burning accounting issues/controversies). In this context, we bring to you an episode on “Decoding Recent Amendments under LODR Regulations" with Accounting & Auditing Expert Mr. Santosh Maller (Chartered Accountant).

Key Highlights:

In this episode, Mr. Maller shared his perspective particularly w.r.t the following amendments: 

• New LODR requiring listed companies to confirm or deny market rumours
• Threshold prescribed for material information to be intimated to stock exchange
• Certain shareholder agreements to be disclosed 
• Time limit to fill up the vacancies of Key Managerial Personnel (KMPs) such as CEO, CFO, MD, Wholetime Director, Manager and Compliance officer