This article analyses the key proposals related to the review of provisions of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, pertaining to corporate governance norms for High-Value Debt Listed Entities (HVDLEs).
The key proposals include:
‣ Introduction of a Separate Chapter for Corporate Governance Norms in LODR Regulations for 'High-Value Debt Listed Entities'
‣ Relaxation in the Threshold for Identification of 'HVDLEs' for Applicability of Governance Norms
‣ Introduction of Corporate Governance Compliance Report in XBRL Format
‣ Introduction of Sunset Clause for Applicability of Corporate Governance Norms
‣ Introduction of Business Responsibility and Sustainability Report for HVDLEs voluntarily
‣ Relaxation for HVDLEs which are Not Companies as per Companies Act, 2013
‣ Relaxation with Regard to the Constitution of the Nomination and Remuneration Committee
‣ Upfront Disclosure of the RPT Amount in Offer Documents by the Issuer at Time of Issuance of NCS
