{"id":83611,"date":"2016-11-02T16:47:49","date_gmt":"2016-11-02T11:17:49","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=83611"},"modified":"2016-11-26T22:28:55","modified_gmt":"2016-11-26T16:58:55","slug":"sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/","title":{"rendered":"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015"},"content":{"rendered":"

Sub:<\/strong> Freezing of Promoter and Promoter group Demat accounts for non-compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015<\/strong><\/p>\n

1. SEBI, vide Circular No. CIR\/CFD\/CMD\/12\/2015 dated November 30, 2015, had prescribed the uniform fine structure for non-compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) and Standard Operating Procedure for suspension and\u00a0revocation of trading of specified securities.<\/p>\n

2. It has been observed that some of the non-compliant listed entities have not paid the fines levied by the recognized stock exchange(s). In order to ensure effective enforcement, it has been decided in consultation with recognized stock exchanges to freeze the holdings of their promoters and promoter group entities\u00a0in the manner specified below:<\/p>\n

2.1. Where a non-compliant listed entity fails to pay fine levied as per the notice \u00a0issued by the concerned recognized stock exchange in terms of paragraph 4 of Annexure I of the aforesaid circular, the concerned recognized stock exchange shall, upon expiry of the period indicated in the notice issued by it, freeze holdings in other securities in the demat accounts of promoter and promoter group to the extent of liability which shall be calculated on a quarterly basis.<\/p>\n

2.2. In case of non-compliance for two consecutive periods, and failure to comply with the notice issued by the concerned recognized stock exchange as per paragraph 3 of Annexure II of the aforesaid circular, as per the current practice, the concerned recognized stock exchange shall forthwith intimate the depositories to freeze the entire shareholding of the promoter and promoter group in such listed entity. In addition \u00a0to the freeze of shares\u00a0in the non-compliant listed entity, the holdings in the demat accounts of promoter and promoter group in other securities shall also be frozen to the extent of liability which shall be calculated on a quarterly basis.<\/p>\n

2.3. While freezing the holdings as per paragraphs 2.1 and 2.2 above, the recognized stock exchange shall have discretion in determining which of the securities and holdings of which promoter or promoter group entity are to be frozen.<\/p>\n

3. The depositories, shall furnish to the exchange upon receipt of request, all such information pertaining to holdings in the demat accounts of promoter and promoter group of such listed entities.<\/p>\n

4. All provisions of Circular No. CIR\/CFD\/CMD\/12\/2015 dated November 30, 2015 shall continue to be applicable.<\/p>\n

5. The stock exchanges and depositories shall implement the circular in coordination with one another.<\/p>\n

6. The Stock Exchanges are advised to bring the provisions of this circular to the notice of listed entities and also to disseminate the same on their websites.<\/p>\n

7. This circular shall come into force with immediate effect. The circular shall be applicable to all fines outstanding on or after the date of this circular levied in accordance with Circular No. CIR\/CFD\/CMD\/12\/2015 dated November 30, 2015 and Circular No. CIR\/CFD\/POLICYCELL\/13\/2013 dated November 18, 2013.<\/p>\n

8. This circular is issued under Regulations 97, 98, 99 and 102 read with Regulation 101(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.<\/p>\n

9. This circular is available on SEBI website at www.sebi.gov.in under the categories \u201cLegal Framework\u201d and \u201cContinuous Disclosure Requirements\u201d.<\/p>\n

Securities and Exchange Board of India<\/p>\n

[SEBI\/HO\/CFD\/CMD\/CIR\/P\/2016\/116, Dated October 26, 2016]<\/p>\n","protected":false},"excerpt":{"rendered":"

Sub: Freezing of Promoter and Promoter group Demat accounts for non-compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-83611","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"\nSEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015\" \/>\n<meta property=\"og:description\" content=\"Sub: Freezing of Promoter and Promoter group Demat accounts for non-compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-02T11:17:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-11-26T16:58:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/security-exchange-board-of-india.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Saba\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/\",\"name\":\"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2016-11-02T11:17:49+00:00\",\"dateModified\":\"2016-11-26T16:58:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785\",\"name\":\"Saba\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g\",\"caption\":\"Saba\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_2\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/","og_locale":"en_US","og_type":"article","og_title":"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015","og_description":"Sub: Freezing of Promoter and Promoter group Demat accounts for non-compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations,","og_url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2016-11-02T11:17:49+00:00","article_modified_time":"2016-11-26T16:58:55+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/security-exchange-board-of-india.jpg","type":"image\/jpeg"}],"author":"Saba","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Saba","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/","url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/","name":"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2016-11-02T11:17:49+00:00","dateModified":"2016-11-26T16:58:55+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/02\/sebi-to-freeze-promoter-and-promoter-group-demat-accounts-for-non-compliance-with-sebi-listing-obligations-and-disclosure-requirements-regulations-2015\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SEBI to freeze Promoter and Promoter group demat accounts for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785","name":"Saba","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g","caption":"Saba"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_2\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":252841,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/18\/sebi-revises-format-for-disclosure-of-shareholding-pattern-of-promoters-and-promoter-group-entities\/","url_meta":{"origin":83611,"position":0},"title":"SEBI revises format for disclosure of shareholding pattern of promoters and promoter group entities","author":"Prachi Bhardwaj","date":"August 18, 2021","format":false,"excerpt":"The Securities and Exchange Board of India has issued circular dated August 13 2021, revising the format for disclosure of shareholding pattern of promoters and promoter group entities. As per regulation 31(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\u201cLODR\u201d), directs that all entities falling under promoter and\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":220578,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/07\/sebi-acquisition-violating-takeover-regulations-allowed-where-objective-of-the-proposed-acquisitions-was-to-streamline-succession-and-promote-welfare-of-promoter-family-no-prejudice-to-interest-of\/","url_meta":{"origin":83611,"position":1},"title":"SEBI | Acquisition violating Takeover Regulations allowed where objective of proposed acquisitions was to streamline succession and promote welfare of Promoter family, no prejudice to interest of public shareholders","author":"Bhumika Indulia","date":"October 7, 2019","format":false,"excerpt":"Securities and Exchange Board of India (SEBI): G. Mahalingam, (Whole Time Member) disposed of the application allowing exemption from the Takeover Regulations, 2011 when the proposed acquisition was not prejudicial to the public shareholding. An application seeking exemption from the applicability of, Regulations 3, 4 and 5 of the Securities\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":329571,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/08\/29\/bomhc-directs-sebi-nse-bse-to-pay-rs-80-lakhs-costs-for-illegal-invalid-freezing-of-demat-accounts\/","url_meta":{"origin":83611,"position":2},"title":"Bombay High Court directs SEBI, NSE, BSE to pay Rs 80 lakhs costs for illegal and invalid freezing of demat accounts","author":"Simranjeet","date":"August 29, 2024","format":false,"excerpt":"Respondents have not shown any active role of petitioner in the capacity of the promoter, in the management of the company, Shrenuj, and any role and obligation factually fastened on petitioner in the various compliance which are required to be undertaken under SEBI (LODR) Regulations, at the time of freezing\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Bombay High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":227422,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/21\/sebi-relaxes-compliance-of-certain-provisions-of-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-due-to-covid-19-virus-pandemic\/","url_meta":{"origin":83611,"position":3},"title":"SEBI relaxes compliance of certain provisions of — SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to CoVID -19 virus pandemic","author":"Bhumika Indulia","date":"March 21, 2020","format":false,"excerpt":"Considering the CoVID 19 pandemic, SEBI vide Circular dated March 19, 2020\u00a0has decided to grant temporary relaxations from certain compliance stipulations specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\u2018LODR\u2019) to listed entities w.r.t. the quarter \/ financial year ending March 31, 2020: SN Regulation and associated\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":281351,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/10\/securities-and-exchange-board-of-india-notified-limited-relaxation-on-regulation58-of-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-that-deals-in-dispatch-of-physical-copies-of\/","url_meta":{"origin":83611,"position":4},"title":"SEBI notifies limited relaxation on Reg 58 of SEBI (LODR) Regulations, 2015","author":"Editor","date":"January 10, 2023","format":false,"excerpt":"On 5-1-2023, the Securities and Exchange Board of India (\u2018SEBI') has notified a limited relaxation on Regulation 58 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that deals in dispatch of physical copies of financial statements to debenture holders. The provisions of this circular have come into force with\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image44.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":252289,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/05\/only-independent-directors-to-approve-related-party-transactions-vide-sebi-listing-obligations-and-disclosure-requirements-third-amendment-regulations-2021\/","url_meta":{"origin":83611,"position":5},"title":"Only Independent Directors to approve related party transactions vide SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021","author":"Prachi Bhardwaj","date":"August 5, 2021","format":false,"excerpt":"The Securities and Exchange Board of India has passed SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021 on August 3, 2021. These Regulations amend the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. \u00a0 Key amendments made by the Regulations are: The amendment states that the listed entity\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/83611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=83611"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/83611\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=83611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=83611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=83611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}