Applicability of the regulations

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..... plicability of the provisions of these regulations to a listed entity on the basis of market capitalisation shall be determined as follows: 10[(a) Every recognized stock exchange shall, at the end of the calendar year i.e., 31st December, prepare a list of entities that have listed their specified securities ranking such entities on the basis of their average market capitalisation from 1st July to 31st December of that calendar year.] (b) The relevant provisions shall then become applicable to a listed entity that is required to comply with such requirements for the first time (or, if applicable, required to comply after any interim period) after a period of three months from December 31 (i.e. April 1) or from the beginning of the .....

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..... ive years. (2B) For such listed entities which remain outside the applicable threshold for a period of three consecutive years in terms of sub-regulation (2A) of this regulation, the provisions that apply on the basis of criteria of market capitalisation shall cease to apply at the end of the financial year following the 31st December of the third consecutive year: Provided that for those listed entities that follow January to December as its financial year, the provisions shall cease to apply at the end of three months from 31st December of the third consecutive year (i.e. on 31st March).] 7[(3) The provisions of these regulations which become applicable to listed entities on the basis of the criterion of the value of outstanding l .....

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..... h entities even if they fall below such thresholds.]" 9. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/177 dated 17-05-2024 w.e.f. 31-12-2024 10.  As per para 2 of Notification No. SEBI/LAD-NRO/GN/2024/177 dated 17-05-2024 "Provided further that the first list in accordance with clause (a) of sub-regulation (2) of Regulation 3 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 shall be prepared by the recognized stock exchange(s) as on December 31, 2024." 11.  Substituted vide F. No. SEBI/LAD-NRO/GN/2025/239 dated 27-03-2025 before it was read as, "assurance" -
Statute, statutory provisions legislation, law, .....

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