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SEBI issues amendments for listed companies including disclosure of forensic audit

SEBI issues amendments for listed companies

In this issue of First Notes, we aim to provide an overview of the key amendments made by SEBI

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The Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) lays down post listing obligations and disclosures to be given by companies with listed securities such as equity, Non-Convertible Debt Securities (NCDS) and Non-Convertible Redeemable Preference Shares (NCRPS). From the time LODR have been notified, significant amendments have been made to the regulations to streamline its implementation by companies.

On 8 October 2020, SEBI has issued another set of amendments to the LODR through the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2020. The amendments primarily relate to companies which have listed their NCDS/ NCRPS on the recognised stock exchange(s).

Additionally, related amendments have been made to the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (Debt Listing Regulations) and SEBI (Debenture Trustees) Regulations, 1993 (Debenture Trustees Regulations).

In this issue of First Notes, we aim to provide an overview of the key amendments made by SEBI in the following areas:

- LODR: Forensic audit – applicable to equity listed entities

- LODR: Debt listed entities

- Debt Listing Regulations

- Debenture Trustees Regulations.

 

To access the text of the SEBI notification on:

- Amendments to LODR, please click here.

- Amendments to Debt Listing Regulations, please click here.

- Amendments to Debenture Trustees Regulations, please click here.

 

To access the text of the SEBI circular on creation of recovery expense fund, please click here.

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