On December 12, 2024, SEBI introduced significant amendments to the LODR Regulations, 2015, focusing on enhancing corporate governance, simplifying compliance, and ensuring greater transparency among listed entities. These measures ensure stronger governance and timely compliance across the corporate ecosystem.
The key amendments include:
‣ Exemptions for Certain Related Party Transactions
‣ Strengthening the Role of Compliance Officers
‣ Clarifications on Board Appointments and Age-Related Criteria for Non-Executive Directors
‣ Board and Audit Committee Meeting Requirements
‣ Mandating Peer-Reviewed Secretarial Audits
‣ Enhanced Disclosure Timelines for Financial Results and Board Decisions
‣ Updated Protocols for AGM Notices
‣ Web-Linking Annual Reports
‣ Reduced Timelines for Record Date Notifications
‣ Expanded Transparency Obligations for Listed Entities
