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ARTICLE · 01 NOVEMBER 2023

Overview Of The LODR (Second Amendment Regulations) 2023

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The Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirement) Regulations, 2015 (LODR Regulations) have been recently amended by way of the LODR (Second Amendment)...

IndiaCorporate/Commercial Law
Souvik Ganguly
Souvik Ganguly
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The Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirement) Regulations, 2015 (LODR Regulations) have been recently amended by way of the LODR (Second Amendment) Regulations, 2023 (Amendment Regulations). The changes were initially proposed in a SEBI consultation paper on "Strengthening Corporate Governance at Listed Entities by Empowering Shareholders". Some of the key changes introduced by these Amendment Regulations are as follows:

1. Obligation of a listed company to confirm or deny rumours

A definition for the term "mainstream media" has been introduced vide the Amendment Regulations. Mainstream media includes publications made in print or published online by domestic newspapers, news channels, online papers, news aggregators, and their overseas counterparts. As a result of this definition, the top 100 listed companies (from 01 October 2023) and subsequently, the top 250 listed companies (from 01 April 2024) will be

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