 "corporate governance")
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations came into effect on July 14, 2023, following consultations on strengthening corporate governance at listed companies. The amendments seek to enhance transparency and reduce asymmetry among shareholders in terms of both information as well as empowerment for decision-making.
One of the key amendments is the introduction of the disclosure obligation under Regulation 30A, read with clause 5A of Paragraph A of Part A of Schedule III. It mandates the disclosure of agreements entered into by shareholders, promoters, related parties, directors, key managerial personnel or KMPs
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