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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