Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2018/10 dated May 9, 2018 has issued the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 (available here)(“Amendment”), to amend the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”).
The Amendment implements several recommendations made by the Committee on Corporate Governance under the Chairmanship of Shri Uday Kotak (“Kotak Committee”) in its committee report published on October 5, 2017 (“Kotak Committee Report”) (available here), regarding corporate governance standards for listed companies. Please find below our comprehensive update on the Amendment, along with our analysis of certain amendments and references to the relevant recommendations of the Kotak Committee.
