Regulation 62B - Definitions - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

1 [CHAPTER VA CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES Definitions 62B . (1) For the purpose of this chapter, unless the context otherwise requires- (a) control shall have the same meaning as assigned to it under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; and (b) independent director shall have the same meaning as assigned to it under clause (b) of sub-regulation (1) of regulation 16 of these regulations: Provided that in case of a listed entity which is a body corporate, mandated to constitute its board of directors in the manner specified under the law under which it is established or is an entity set up under the public private partnership model/structure, the non- executive directors, other than a nominee director of such entity on its board of directors, shall be treated as independent directors. (c) public private partnership shall mean a public-private partnership between a public concessioning authority and a private special purpose vehicle concessionaire selected on the basis of open competitive bidding or on the basis of an Memorandum of Understanding with the relevant authorities. (d) senior management shall have the same meaning as assigned to it under clause (d) of sub-regulation (1) of regulation 16 of these regulations. ] **************** NOTES:- 1 . Inserted vide F. No. SEBI/LAD-NRO/GN/2025/239 dated 27-03-2025