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TMI BlogSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2024.X X X X Extracts X X X X X X X X Extracts X X X X ..... tions 3 , 17, 21(5), 25, 30 [omission of the Explanation under sub-regulation (11)], 34, 43A and 44 shall come into force with effect from December 31, 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. 3. In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 I. in regulation 3 , i. sub-regulation (2) shall be substituted with the following sub-regulation, namely- (2) The applicability of the provisions of these regulations to a listed entity on the basis of market capitalisation shall be determined as follows: (a) Every recognized stock exchange shall, at the end of the calendar year i.e., 31 st 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 entit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n sub-regulation (1A), i. in the second proviso, the words and symbols March 31, 2024 shall be substituted by the words and symbols, March 31, 2025 ; ii. in Explanation (3), the words and symbols March 31, 2024 shall be substituted by the words and symbols, March 31, 2025; III. in regulation 17 , i. in sub-regulation (1), in clause (a), 1. in the proviso, A. the words, numerals and symbols top 500 listed entities shall have at least one independent woman director by April 1, 2019 and the Board of directors of the shall be omitted; B. the words, numerals and symbols by April 1, 2020 shall be omitted; 2. the Explanation shall be omitted; ii. in sub-regulation (1), in clause (c), 1. the words, numerals and symbols top 1000 listed entities (with effect from April 1, 2019) and the shall be omitted; 2. the words, numerals and symbols (with effect from April 1, 2020) shall be omitted; 3. the Explanation shall be omitted; iii. in sub-regulation (2A), 1. the words, numerals and symbols top 1000 listed entities with effect from April 1, 2019 and of the shall be omitted; 2. the words, numerals and symbols with effect from April 1, 2020 shall be omitted; 3. in Explanation I, the numeral I shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r that intimation for determination of issue price in a qualified institutions placement is not required if such placement is done in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. 3. after clause (f), the following new clauses shall be inserted, namely- (g) any alteration in the form or nature of any of its securities that are listed on the stock exchange or in the rights or privileges of the holders thereof; (h) any alteration in the date on which, the interest on debentures or bonds, or the redemption amount of redeemable shares or of debentures or bonds, shall be payable. ii. sub-regulation (2) and the proviso shall be substituted by the following sub-regulation, namely,- (2) The intimation required under sub-regulation (1) shall mention the date of such meeting of board of directors. iii. sub-regulation (3) shall be omitted; VIII. in regulation 30 , in sub-regulation (11),- i. after the words The listed entity may on its and before the words initiative also , the word own shall be omitted; ii. in the first proviso, 1. after the words with effect from the date , the words as may be s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d entity in order to ensure compliance with the requirements under sub-regulation 11 of this regulation and the listed entity shall disseminate the response received from such individual(s) promptly to the stock exchanges. X. in regulation 34 , in sub-regulation (2), in clause (f), in Explanation-1, clause (i) shall be omitted; XI. in regulation 43A , in sub-regulation (1), the words, symbols and numerals (calculated as on March 31 of every financial year) shall be omitted; XII. in regulation 44 , i. in sub-regulation (5), the words, symbols and numerals , determined as on March 31st of every financial year, shall be omitted; ii. in sub-regulation (6), the Explanation shall be omitted. BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./125/2024-25] Footnotes: 1. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 were published in the Gazette of India on 2nd September 2015 vide No. SEBI/LAD-NRO/GN/2015- 16/013. 2. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, were subsequently amended on: a) December 22, 2015 by the Securities and Exchange Board of India ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 vide notification no. SEBI/LAD-NRO/GN/ 2018/47. m) March 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2019 vide notification no. SEBI/LAD-NRO/GN/2019/07. n) May 7, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/12. o) June 27, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/22. p) July 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2019, vide notification no. SEBI/ LADNRO/ GN/2019/28. q) December 26, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/ 2019/45. r) January 10, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2020, vide notificati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022, vide notification No. SEBI/LAD-NRO/GN/2022/79. ff) April 25, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2022 vide notification No. SEBI/LAD-NRO/GN/2022/80. gg) July 25, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022 vide notification No. SEBI/LAD-NRO/GN/2022/88. hh) November 14, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2022 vide notification No. SEBI/LAD-NRO/GN/ 2022/103. ii) December 05, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Seventh Amendment) Regulations, 2022 vide notification No. SEBI/LAD-NRO/GN/ 2022/109. jj) January 17, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2023 vide notification No. SEBI/LAD-NRO/GN/-2023/117. kk) February 7, 2023 by the Securities and Exchange Board of In ..... 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