Executive Summary:
This document is a notification of the Securities and Exchange Board of India (SEBI) regarding amendments to the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. These amendments, outlined in the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Amendment Regulations, 2019, were established on March 29, 2019, and include changes to regulation 23, with effect from July 01, 2019.
Key Points / Main Content:
* **Title and Authority:**
* The regulations are called the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Amendment Regulations, 2019.
* The regulations are issued under the powers conferred by Section 11, subsection 2 of section 11A, and section 30 of the Securities and Exchange Board of India Act, 1992, read with section 31 of the Securities Contracts Regulation Act, 1956.
* **Amendments to 2015 Regulations:**
* The document further amends the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.
* **Specific Amendment:**
* In regulation 23, in subregulation 1A, after the word "above" and before the words "a transaction", the following shall be inserted: "with effect from July 01, 2019".
Impact Analysis:
* **Listed Entities:**
* Impact: Listed entities are subject to revised obligations and disclosure requirements.
* Action Required: Listed entities need to comply with the amended regulations, particularly regarding regulation 23(1A) effective July 1, 2019.
* **Securities and Exchange Board of India (SEBI):**
* Impact: SEBI is responsible for enforcing the amended regulations.
* Action Required: SEBI will oversee compliance with the new amendments.
* **Investors:**
* Impact: Investors will benefit from enhanced transparency and disclosure by listed entities.
* Action Required: Investors should monitor listed entities' compliance with the new regulations.
Key Entities Referenced
Securities and Exchange Board of India (SEBI): The regulatory body that issued the notification.
Mumbai, Maharashtra: The city where SEBI is located and the notification was issued.
Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015: The primary regulation being amended by this notification.
Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Amendment Regulations, 2019: The title of the amendment regulations introduced by this notification.
Securities and Exchange Board of India Act, 1992: The act that confers powers to SEBI.
Securities Contracts Regulation Act, 1956: An act mentioned in conjunction with the SEBI Act, 1992 as providing authority for the regulations.
July 01, 2019: The effective date of an amendment introduced by the regulations.
Ajay Tyagi: Chairman of SEBI.
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(1956 का 42) क(cid:11) धारा 31 के साथ प(cid:13)ठत भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) अिधिनयम, 1992 (1992 का 15) क(cid:11)
धारा 11, धारा 11क क(cid:11) उप-धारा (2) तथा धारा 30 (cid:17)ारा (cid:5)द(cid:21) शि(cid:23)य(cid:25) का (cid:5)योग करत े(cid:27)ए, एत(cid:29)ारा भारतीय (cid:5)ितभूित
और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण अपे,ाए]ँ िविनयम, 2015 का और संशोधन करन े के
िलए िन.िलिखत िविनयम बनाता ह,ै अथा(cid:4)त,्-
1. इन िविनयम(cid:25) को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण अपे,ाए]ँ
(संशोधन) िविनयम, 2019 कहा जा सकेगा ।
2. भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4)[सूचीब!ता (िल#$टंग) बा’यताए ँऔर (cid:5)कटीकरण अपे,ाए]ँ िविनयम, 2015 म4,-
(i) िविनयम 23 म,4 उप-िविनयम (1क) म,4 श5द(cid:25) तथा िच6न “होत े (cid:27)ए भी,” के प7ात् और श5द(cid:25) तथा िच6न(cid:25)
“ऐस े8कसी सं9वहार (;ांजे=शन)” स ेपूव(cid:4), िन.िलिखत अंतः$थािपत 8कए जाएगा, अथा(cid:4)त,्-
“1 जुलाई, 2019 स,े”
अजय ?यागी, अ’य,
[िव(cid:3)ापन- III/4/असा./592/18]
1951 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
पपपपाााादददद (cid:1)(cid:1)(cid:1)(cid:1)टटटट(cid:3)(cid:3)(cid:3)(cid:3)पपपपणणणण ::::
1. भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण अप,े ाए]ँ िविनयम, 2015,
स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2015-16/013, 2 िसत@बर 2015 को भारत के राजपA म 4 (cid:5)कािशत (cid:27)ए
थे ।
2. भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण अपे,ाए]ँ िविनयम, 2015
त?प7ात् :
क) 22 8दस@बर, 2015 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और
(cid:5)कटीकरण अपे,ाए]ँ (संशोधन) िविनयम, 2015, अिधसूचना स.ं सेबी/एल.ए.डी.-
एन.आर.ओ./जी.एन./2015-16/027, (cid:17)ारा
ख) 25 मई, 2016 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सचू ीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण
अपे,ाए]ँ (संशोधन) िविनयम, 2016, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/001,
(cid:17)ारा
ग) 8 जुलाई, 2016 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सचू ीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण
अपे,ाए]ँ (दसू रा संशोधन) िविनयम, 2016, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-
17/008, (cid:17)ारा
घ) 4 जनवरी, 2017 को भारतीय (cid:5)ितभूित और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और
(cid:5)कटीकरण अपे,ाए]ँ (तीसरा संशोधन) िविनयम, 2016, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./
जी.एन./2016-17/025, (cid:17)ारा
ङ) 15 फरवरी, 2017 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और
(cid:5)कटीकरण अपे,ाए]ँ (संशोधन) िविनयम, 2017, अिधसचू ना स.ं सेबी/एल.ए.डी./एन.आर.ओ./जी.एन./
2016-17/29, (cid:17)ारा
च) 6 माच,(cid:4) 2017 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) (फ(cid:11)स का भुगतान और भुगतान का मा’यम)
(संशोधन) िविनयम, 2017, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/037 [तारीख
29 माच(cid:4), 2017 को अिधसिू चत भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) (फ(cid:11)स का भुगतान और भुगतान का
मा’यम (संशोधन) िविनयम, 2017, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/038 के
साथ प(cid:13)ठत], (cid:17)ारा
छ) 9 मई, 2018 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सचू ीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण
अपे,ाए]ँ (संशोधन) िविनयम, 2018, अिधसूचना स.ं एसईबीआई/एलएडी-एनआरओ/जीएन/2018/10,
(cid:17)ारा
ज) 30 मई, 2018 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण
अपे,ाए]ँ (दसू रा संशोधन) िविनयम, 2018, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2018/
13, (cid:17)ारा
झ) 1 जून, 2018 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सचू ीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण
अपे,ाए]ँ (तीसरा संशोधन) िविनयम, 2018, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2018/
21, (cid:17)ारा
ञ) 8 जून, 2018 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सचू ीब!ता (िल#$टंग) बा’यताए ँ और (cid:5)कटीकरण
अपे,ाए]ँ (चौथा संशोधन) िविनयम, 2018, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2018/
24, (cid:17)ारा
ट) 6 िसत@बर, 2018 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और
(cid:5)कटीकरण अपे,ाएँ] (पाँचवा संशोधन) िविनयम, 2018, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./
जी.एन./2018/30, (cid:17)ारा¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3
ठ) 16 नव@बर, 2018 को भारतीय (cid:5)ितभिू त और िविनमय बोड (cid:4) [सूचीब!ता (िल#$टंग) बा’यताए ँ और
(cid:5)कटीकरण अपे,ाएँ] (छठा सशं ोधन) िविनयम, 2018, अिधसूचना स.ं सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./
2018/47, (cid:17)ारा
संशोिधत (cid:27)ए थे ।
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 29th March, 2019
SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLISGATIONS AND DISCLOSURE
REQUIREMENTS) (AMENDMENT) REGULATIONS, 2019
No. SEBI/LAD-NRO/GN/2019/07.—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) (Amendment) Regulations, 2019.
2. In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015, -
(i) in regulation 23, in sub-regulation (1A), after the word and figure “above,” and before the words “a
transaction” the following shall be inserted, namely, –
“with effect from July 01, 2019,”
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./592/18
Footnote:
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 08, 2016 by Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) (Second Amendment) Regulations, 2016 vide notification no. SEBI/ LAD-
NRO/GN/2016-17/008.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
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 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 01, 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 08, 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 06, 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.
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.