What are the material disclosures of which information should be disclosed to Stock Exchange within 24 hours of conclusion of the Board Meeting as per SEBI (LODR) Regulations, 2015?
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · December 2019
What are the material disclosures of which information should be disclosed to Stock Exchange within 24 hours of conclusion of the Board Meeting as per SEBI (LODR) Regulations, 2015?
Answer & Explanation:
Regulation 30 (6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 clarifies that the listed entity shall first disclose to stock exchange(s) of all events, as specified in Part A of Schedule III, or information as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information. Commencement or any postponement in the date of commencement of commercial production or commercial operations of any unit/division. Change in the general character or nature of business brought about by arrangements for strategic, technical, manufacturing, or marketing tie-up, adoption of new lines of business or closure of operations of any unit/division (entirety or piecemeal). Capacity addition or product launch. Awarding, bagging/ receiving, amendment or termination of awarded/bagged orders/contracts not in the normal course of business. Agreements (viz. loan agreement(s) (as a borrower) or any other agreement(s) which are binding and not in normal course of business) and revision(s) or amendment(s) or termination(s) thereof. Disruption of operations of any one or more units or division of the listed entity due to natural calamity (earthquake, flood, fire etc.), force majeure or events such as strikes, lockouts etc. Effect(s) arising out of change in the regulatory framework applicable to the listed entity. Litigation(s) / dispute(s) / regulatory action(s) with impact. Fraud/defaults etc. by directors (other than key managerial personnel) or employees of listed entity. Options to purchase securities including any ESOP/ESPS Scheme. Giving of guarantees or indemnity or becoming a surety for any third party. Granting, withdrawal, surrender, cancellation or suspension of key licenses or regulatory approvals.
Topics: SEBI (LODR) Regulations
Related Questions in this Topic
- As a CFO of Bright Zone Ltd., describe the contents of the Compliance Certificate to be provided to the Board of Directo...
- What are the Provisions under SEBI (LODR) Regulations, regarding constitution of Risk Management Committee?
- "Post issue disclosures are transparency building measures." Discuss the statement with reference to SEBI (LODR) Regulat...
- What are the Materiality Guidelines? Prepare a note on Disclosures of events upon application of the Materiality Guideli...
- What are the Contemporary Global Trends on ESG? Highlight key points.