Article on SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - An Insight

[SD Associates]

FROM THE DESK OF CS S. DHANAPAL, F.C.S., B.Com, B.A.B.L. DEAR CLIENTS /WELL-WISHERS,   "Build a dream and the Dream will Build you " -Robert Schuller   Securities Exchange Board of India (“SEBI) notified the Securities Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the “Listing Regulations”) on September 2, 2015 with the aim of alignment of the Listing Regulations with the Companies Act, 2013 and for the purpose of having a greater Statutory force on the Listed Entities in India. For the ease of the Stakeholders, SEBI has consolidated the Listing Regulations into one single document for various types of Securities listed on the Stock Exchanges. Since the new Listing Regulations came into force, erstwhile Listing Agreement stands repealed. A shortened version of the Listing Agreement (2 page approximately) has been prescribed and the same is required to be signed by a Company getting its Securities listed on Stock Exchanges. With regard to the existing Listed Entities, the same was to be signed as a fresh Listing Agreement within 6 months of the notification of the Regulations, i.e. before 01.03.2016. It is a live topic in all professional forums and circles and more particularly in all listed companies for discussions and deliberations with concerns and apprehensions as to how to get aligned with this new Securities Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 requirements and related implications that may be faced by professionals and corporate.   In this Article, an attempt has been made to understand the revised requirements to be followed going forward in the form of write up to enable the readers to acquaint themselves with the changes and challenges ahead. I hope you will find this article useful for your reference.   Please click the button down to read complete article. Kindly note if you are not interested in receiving email relating to any updates from me in future, please notify your intention so as to remove your email id from my data base.   Thanks and Regards S.Dhanapal Sr. Partner M/s. S D h a n a p a l  &  A s s o c i a t e s (a  Firm  of  Practising  Company  Secretaries) Suite No.103, First Floor, Kaveri Complex, 96/104, Nungambakkam High Road, (Next to NABARD and ICICI Bank), Nungambakkam, Chennai - 600 034. Land-line 044 - 4553 0256 / 0257 Dir-044-42652127 Cell-9677022712   PROFESSIONAL LIFE - ENDLESS POSSIBILITIES WITH BORDERLESS SUCCESSES   The information in this email and any attachments is privileged/confidential and unauthorised use of such information may call for legal action. It is intended solely for the attention and use of the named addressee(s). If you are not the intended recipient, please notify the sender immediately. We do not accept any liability or any errors or omissions in the contents of this message whether it is within the sender's control or not. The recipient should check this email or any attachments for the presence of viruses. We accept no liability whatsoever or for any damage caused by any virus if any transmitted by this email. ARTICLE ON SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

[CS Dhanapal, B.Com,B.A.B.L, F.C.S]