- INTRODUCTION
On October 8, 2020, the Securities and Exchange Board of India
("SEBI") amended the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
("LODR Regulations") vide SEBI (Listing
Obligations and Disclosure Requirements) (Third Amendment)
Regulations, 2020 ("Amendment"). The
Amendment was brought in to require listed entities to make certain
disclosures in case of initiation of forensic audits (by
whatever name called), including specifically:
- The fact of initiation of forensic audit, along with the name
of the entity initiating the audit and reasons for the same, if
available; and
- The final forensic audit report (other than for forensic
audit initiated by regulatory/enforcement agencies) on receipt
by the listed entity along with comments of the management, if
any1.
