Mar 31, 2022

Miscellaneous Amendments to Listing Regulations

SEBI has notified the following key amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective from January 24, 2022:

  1. Appointment of a manager and re-appointment of rejected candidate: A manager’s appointment should be approved by shareholders at the next general meeting or within a period of three months from the date of appointment, whichever is earlier. Appointment or re-appointment of a person, including as a managing director or a whole-time director or a manager, requires prior shareholders’ approval if their appointment was earlier rejected by the shareholders;
  2. Transmission or transposition, and release of unclaimed securities in demat form: Requests for transmission and transposition of securities, and release of unclaimed securities from the suspense account, will now only be affected in the dematerialised form; and
  3. Monitoring report: The monitoring report which deals with the utilisation of proceeds of a public or rights issue, will be placed before the audit committee on a quarterly basis, instead of an annual basis.




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