 "SEBI")
India Inc is staring at significantly higher compliance and governance costs, following the Securities and Exchange Board of India’s (Sebi’s) latest tightening of disclosure norms and regulations around the filling of key positions, the materiality of information, and third-party transfers.
This week, the securities market regulator amended the Listing Obligations and Disclosure Requirements (LODR) to introduce a raft of changes that will affect how listed companies go about transparency and disclosures.
The new framework will further empower public shareholders and soon move towards a ‘comply or be penalised regime or comply or explain’ in the case of high-value debt-listed entities.
