STATUTORY UPDATES
Ministry of Labour and Employment classifies certain
sectors as public utility service.
The Ministry of Labour and Employment, via a notification dated
June 23, 2023, has declared the uranium industry as a public
utility service for the purposes of the Industrial Disputes Act,
1947 for a period of 6 months starting from July 09, 2023.
Similarly, the copper mining industry has also been declared as a
public utility service via a notification dated June 05, 2023. This
status is to remain in effect for 6 months starting from June 28,
2023.
SEBI lays down additional guidelines for listed
entities.
On June 14, 2023, the Securities and Exchange Board of India
(SEBI) issued the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) (Second Amendment)
Regulations, 2023 which set out rules regarding
appointment/reappointment of Key Managerial Personnel
("KMPs") in listed companies in addition
to certain other
