Home India Securities and Exchange Board of India In exercise of the powers conferred by section 11 sub sectio...
Date: 2020-08-05 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 11 sub section 2 of section 11A and section 30 of the Securities and Exchange Board of India Act

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This notification announces the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Second Amendment Regulations, 2020. These regulations, effective from August 5, 2020, further amend the 2015 regulations concerning listing obligations and disclosure requirements. The amendments pertain to regulations regarding information provided to stock exchanges. Key Points / Main Content: * **Regulation Changes:** * **Regulation 42 Amendment:** * Sub-regulation 1 is amended to include stock exchanges where stock derivatives are available on the listed entity's stock or where the listed entity's stock forms part of an index on which derivatives are available. * Clause e in sub-regulation 1 is substituted to include corporate actions like mergers, demergers, splits, etc. Impact Analysis: * **Listed Entities:** * Impact: Listed entities are required to disclose information to stock exchanges where their stock derivatives are available or where their stock is part of an index on which derivatives are available. The definition of corporate actions requiring disclosure is broadened. * Action Required: Ensure compliance with the amended regulations regarding disclosures to stock exchanges for events including corporate actions, mergers, demergers and splits. * **Stock Exchanges:** * Impact: Stock exchanges are expected to facilitate and monitor compliance with the new disclosure requirements by listed entities. * Action Required: Update systems and procedures to accommodate the expanded scope of disclosures and ensure effective monitoring. * **Investors:** * Impact: Investors will receive more comprehensive information regarding corporate actions and events impacting listed entities, especially those related to derivative trading and index inclusion. * Action Required: Stay informed about the updated disclosure practices of listed entities to make informed investment decisions.

Key Entities Referenced

Securities and Exchange Board of India: Regulatory body for securities markets in India. Securities and Exchange Board of India Act, 1992: The act of parliament that established the Securities and Exchange Board of India and gave it statutory powers. Securities Contracts Regulation Act, 1956: An act to prevent undesirable transactions in securities Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015: Regulations pertaining to listing obligations and disclosure requirements for listed entities. Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Second Amendment Regulations, 2020: Regulations that amend the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. Mumbai, Maharashtra: Location of the notification's issuance. New Delhi: Location where the Gazette of India is published. Ajay Tyagi: Chairman of Securities and Exchange Board of India
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-05082020-220864 xxxGIDHxxx CG-MH-E-05082020-220864 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 309] िई ददल्ली, बुधिार, अगस्ट्त 5, 2020/श्रािण 14, 1942 No. 309] NEW DELHI, WEDNESDAY, AUGUST 5, 2020/SRAVANA 14, 1942 भारतीय प्रजतभजू त और जिजिमय बोडड अजधसचू िा मुम्बई, 5 अगस्ट्त, 2020 भारतीय प्रजतभजू त और जिजिमय बोडड [सचू ीबद्धता (जलसस्ट्टंग) बाध्यताए ँ और प्रकटीकरण अपक्षे ाए]ँ (दसू रा सिं ोधि) जिजियम, 2020 सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2020/25.—बोडड, प्रजतभूजत संजिदा (जिजियमि) अजधजियम, 1956 (1956 का 42) की धारा 31 के साथ पठित भारतीय प्रजतभूजत और जिजिमय बोडड अजधजियम, 1992 (1992 का 15) की धारा 11, धारा 11क की उप-धारा (2) तथा धारा 30 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, एतद्द्वारा भारतीय प्रजतभूजत और जिजिमय बोड ड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] जिजियम, 2015 का और संिोधि करिे के जलए जिम्नजलजखत जिजियम बिाता ह,ै अथाडत:्- 1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोड ड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाए]ँ (दसू रा संिोधि) जिजियम, 2020 कहा िा सकेगा । 2. िे रािपत्र म ेंउिके प्रकािि की तारीख को प्रिृत्त (लागू) होंगे । 3. भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताए ँऔर प्रकटीकरण अपेक्षाएँ] जिजियम, 2015 म,ें- 3507 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] I. जिजियम 42 म,ें- क. उप-जिजियम (1) म,ें िब्दों और जचह्िों “सूचीबद्ध एंठटटी सभी स्ट्टॉक एक्सचेंिों, िहाँ िह सूचीबद्ध हो, को जिम्नजलजखत प्रयोििों स े ठरकॉडड जतजथ (ठरकॉड ड डेट) सूजचत करेगी:” के जलए, िब्द और जचह्ि “सूचीबद्ध (जलजस्ट्टड) एंठटटी, जिम्नजलजखत के संबंध म,ें उि सभी स्ट्टॉक एक्सचेंिों को ठरकॉडड जतजथ (ठरकॉडड डेट) सूजचत करेगी िहाँ िह सूचीबद्ध हो या िहाँ स्ट्टॉक डेठरिेठटि सूचीबद्ध एंठटटी के स्ट्टॉक पर उपलब्ध हों या िहाँ सूचीबद्ध एंठटटी का स्ट्टॉक ऐसे सूचकांक (इंडेक्स) का जहस्ट्सा हो जिस पर डेठरिेठटि उपलब्ध हों:” प्रजतस्ट्थाजपत हो िाएँगे। ख. उप-जिजियम (1) म,ें मौिूदा खंड (ङ) जिम्नजलजखत से प्रजतस्ट्थाजपत हो िाएगा, अथातड ,् - “(ङ) कंपिी कारडिाइयाँ (कारपोरेट एक्िन्स), िैसे जिलयि (जिलय / मिडर), अजिलयि (डी-मिडर), जिभािि (जस्ट्ललट), आदद;” अिय त्यागी, अध्यक्ष [जिज्ञापि-III/4/असा./163/2020-21] पाद ठटलपण : 1. भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] जिजियम, 2015, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2015-16/013, 2 जसतम्बर 2015 को भारत के रािपत्र में प्रकाजित हुए थे । 2. भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] जिजियम, 2015 तत्पश्चात् : क) 22 ददसम्बर, 2015 को भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (संिोधि) जिजियम, 2015, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2015-16/027, द्वारा ख) 25 मई, 2016 को भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (संिोधि) जिजियम, 2016, अजधसूचिा सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/001, द्वारा ग) 8 िुलाई, 2016 को भारतीय प्रजतभूजत और जिजिमय बोडड [सचू ीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (दसू रा संिोधि) जिजियम, 2016, अजधसूचिा सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/008, द्वारा घ) 4 िििरी, 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (तीसरा संिोधि) जिजियम, 2016, अजधसूचिा सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/025, द्वारा ङ) 15 फरिरी, 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (संिोधि) जिजियम, 2017, अजधसूचिा स.ं सेबी/एल.ए.डी./एि.आर.ओ./िी.एि./2016-17/29, द्वारा च) 6 माच,ड 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड (फीस का भुगताि और भुगताि का माध्यम( (संिोधि) जिजियम, 2017, अजधसूचिा सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/037 [तारीख 29 माचड, 2017 को अजधसूजचत भारतीय प्रजतभूजत और जिजिमय बोडड (फीस का भुगताि और भुगताि का माध्यम) (संिोधि) जिजियम, 2017, अजधसूचिा सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/038 के साथ पठित], द्वारा छ) 9 मई, 2018 को भारतीय प्रजतभजू त और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (संिोधि) जिजियम, 2018, अजधसूचिा सं. एसईबीआई/एलएडी-एिआरओ/िीएि/2018/10, द्वारा[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 ि) 30 मई, 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (दसू रा संिोधि) जिजियम, 2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/13, द्वारा झ) 1 िूि, 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (तीसरा संिोधि) जिजियम, 2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/21, द्वारा ञ) 8 िूि, 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड [सूचीबद्धता (जलसस्ट्टंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] (चौथा संिोधि) जिजियम, 2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/24, द्वारा ट) जसतम्बर 6, बाध्यताएँ और प्रकटीकरण (जलसस्ट्टंग) सूचीबद्धता] को भारतीय प्रजतभूजत और जिजिमय बोडड 2018 ) [अपेक्षाएँपाँचिाँ संिोधिजिजियम (, 2018, अजधसूचिा सं .सेबी30/2018/.एि.िी/.ओ.आर.एि-.डी.ए.एल/, द्वारा ि) 16 ििम्बर, बाध्यताएँ और प्रकटीकरण (जलसस्ट्टंग) सूचीबद्धता] को भारतीय प्रजतभूजत और जिजिमय बोडड 2018 छिा) [अपेक्षाएँ संिोधिजिजियम (, 2018, अजधसूचिा सं .सेबी/2018/.एि.िी/.ओ.आर.एि-.डी.ए.एल/47, द्वारा ड) 29 माचड, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड बाध्यताएँ और प्रकटीकरण (जलसस्ट्टंग) सूचीबद्धता] [अपेक्षाएँ(संिोधिजिजियम (, 2019, अजधसूचिा सं .सेबी एल201/.एि.िी/.ओ.आर.एि-.डी.ए.9/07, द्वारा ढ) 7 मई, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड बाध्यताएँ (जलसस्ट्टंग) सूचीबद्धता]और प्रकटीकरण अपेक्षाएँ [ दसू रा) संिोधिजिजियम (, 2019, अजधसूचिा सं .सेबी201/.एि.िी/.ओ.आर.एि-.डी.ए.एल/9/12, द्वारा ण) 27 िूि, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड बाध्यताएँ और प्रकटीकरण (जलसस्ट्टंग) सूचीबद्धता] तीसरा) [अपेक्षाएँ संिोधिजिजियम (, 2019, अजधसूचिा सं .सेबी201/.एि.िी/.ओ.आर.एि-.डी.ए.एल/9/22, द्वारा त) 29 िुलाई, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड बाध्यताएँ और प्रकटीकरण (जलसस्ट्टंग) सचू ीबद्धता] चौथा) [अपेक्षाएँ संिोधिजिजियम (, 2019, अजधसूचिा सं .सेबी201/िीएि/एिआरओ-एलएडी/9/28, द्वारा थ) 26 ददसम्बर, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड बाध्यताएँ और प्रकटीकरण (जलसस्ट्टंग) सूचीबद्धता] पाँचिा)ँ [अपेक्षाएँ संिोधिजिजियम (, 2019, अजधसूचिा सं .सेबीएल/.ए.डी.एि-.आर.ओ.िी/.एि.201/9/45, द्वारा द) 10 िििरी, 2020को भारतीय प्रजतभूजत और जिजिमय बोडड बाध्यताएँ और प्रकटीकरण (जलसस्ट्टंग) सूचीबद्धता] जिजियम (संिोधि) [अपेक्षाएँ, 2020, अजधसूचिा सं .सेबीएल/.ए.डी.एि-.आर.ओ.िी/.एि./202002, द्वारा संिोजधत हुए थे । SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 5th August, 2020 Securities And Exchange Board of India (Listing Obligations And Disclosure Requirements) (Second Amendment) Regulations, 2020 SEBI/LAD-NRO/GN/2020/25.— In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely:- 1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,-4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] I. In regulation 42,- a. in sub-regulation (1), the words and symbols “to all the stock exchange(s) where it is listed for the following purposes:”, shall be substituted with the words and symbols “for the following events to all the stock exchange(s) where it is listed or where stock derivatives are available on the stock of the listed entity or where listed entity’s stock form part of an index on which derivatives are available:” b. in sub-regulation (1), the existing clause (e), shall be substituted with the following, namely,- “(e) corporate actions like mergers, de-mergers, splits, etc;” AJAY TYAGI, Chairman [ADVT.-III/4/Exty./163/2020-21] Footnotes: 1. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 were published in the Gazette of India on 2nd September 2015 vide No. SEBI/LAD- NRO/GN/2015-16/013. 2. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, were subsequently amended on: a) December 22, 2015 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2015 vide notification no. SEBI/LAD-NRO/GN/2015-16/27. b) May 25, 2016 by Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016 vide notification no. SEBI/LAD-NRO/GN/ 2016-17/001. c) July 8, 2016 by Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2016 vide notification no. SEBI/ LAD-NRO/GN/2016-17/008. d) January 4, 2017 by Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2016 vide notification no. SEBI/ LAD-NRO/GN/2016- 17/025. e) February 15, 2017 by Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2017 vide notification no. SEBI/LAD/NRO/GN/2016-17/029. f) March 6, 2017 by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 vide Notification No. LAD-NRO/GN/2016- 17/037 read with March 29, 2017 by Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 vide notification no. SEBI/LAD/NRO/GN/2016-17/38. g) May 9, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/10. h) May 30, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/13. i) June 1, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/21. j) June 8, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/24. k) September 6, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/30. l) November 16, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/47. m) March 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2019 vide notification no. SEBI/LAD-NRO/GN/2019/07. n) May 7, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/12. o) June 27, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/22.[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5 p) July 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/28. q) December 26, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/45. r) January 10, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2020, vide notification no. SEBI/ LAD-NRO/GN/2020/02. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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