Capital markets regulator, Securities Exchange Board of India
(SEBI), issued a circular dated September 24, 2015, in pursuance of
the SEBI (Listing Obligations and Disclosures Requirements)
Regulations, 2015 (hereinafter referred to as 'Listing
The new Listing Regulations as issued on
September 2, 2015, requires disclosures to be submitted at
different periods of time:
a) To be submitted by listed entity on quarterly basis;
b) To be submitted by listed entity at the end of the financial
year (for the whole of financial year);
c) To be submitted by listed entity at the end of 6 months after
end of financial year along-with second quarter report of next
This Circular lays out the formats for such periodical
disclosures to be made by the listed entities within the prescribed
Apart from that, the circular had also obliged the listed
companies to submit quarterly compliance report on corporate
governance in a prescribed format within 15 days from close of
every quarter. This report will have disclosures pertaining to
composition of board of directors, board meetings, committee
meetings, related party transactions as well as the affirmation on
formation of various committees as required by the Listing
This circular would come into force with effect from 90 days of
notifications of Listing Regulations i.e. September 2, 2015.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The Hon'ble High Court of Bombay has held that where a Scheme of Amalgamation is executed between two companies registered in two different states [...], then the said two orders are two independent instruments.
The Ministry of Corporate Affairs notified on June 5, 2015 that certain provisions of the Companies Act, 2013 shall not apply to private limited companies or shall apply with such exceptions or modifications as directed in the notification.
Whilst trade and barter have existed since early times, the modern practice of forming business relationships through the means of contract has come into existence only since the industrial revolution in the West.
The Supreme Court in Central Bureau of Investigation, Bank Securities and Fraud Cell and Others v. Ramesh Gelli and Others has held officers of private banks to be public servants under Prevention of Corruption Act, 1988.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).