Key Points
Companies are struggling to prepare themselves for the new regulations, some of which are in place while others will take effect in the next few months, executives said..
The new rules include confirmation or denial of market rumours, disclosing business contracts to family settlements, matters concerning senior employees, new environmental, social and governance regulations, communicating actions taken by any authorities, the companies say.AgenciesSebi has mandated firms to reveal all contracts and arrangements for strategic, technical, manufacturing and marketing tie-ups and lowered the materiality threshold...
Mumbai: Recent changes introduced by the Securities and Exchange Board of India (Sebi), aimed at improving corporate governance and investor protection have led to an increased compliance burden and associated costs for listed companies, according to India Inc...
Some regulations, especially listing obligations and disclosure requirements (LODR), require people down the line to comprehend and accept them, he said.. "There is much more pressure on secretarial departments to deal with the pushback from operating teams," Dalal added...
"In terms of implementation challenges faced by the industry, Sebi has recently written to the industry bodies, exchanges, ICAI, and ICSI to participate in a pilot for the formation of an industry standards forum to be formed under the aegis of the exchanges, chaired by an industry leader with representation from various trade bodies to formulate implementation standards for specific regulations or circulars in consultation with Sebi," the regulator said in an email..
