Securities Law Newswire : SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.... COUNTDOWN BEGINS!!


We are aware that the Capital Market Regulator, SEBI, with a view to consolidate and streamline the provisions of existing listing agreements for different segments of capital market into one single document, has came up with new Listing Regulations on September 02, 2015 for which all the listed entities have been given a time period of 90 days for complying with its provisions. That is, the new Regulations will become effective w.e.f 2nd December 2015, only 2 weeks to go.
As per the Regulations, various Policies, viz. Preservation Policy, Archival Policy and Materiality Policy are needed to be prepared by the Companies, with Archival & Materiality policies even to be uploaded on the Company’s’ websites. Since only a few days are left, so it’s advisable that Companies gear up for preparation of these Policies and making requisite disclosures.
Further, SEBI has already issued the Uniform Listing Agreement, needed to be executed between the Listed Companies and the Stock Exchanges. This Agreement is needed to be signed within 6 months of the promulgation of the Listing Regulations. Companies are already in the process of signing the same.
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