SEBI LODR Amendment 2023 : Key takeaways and immediate action points
The SEBI LODR Amendment dated 14 June 2023, effective from 15 July 2023 has bought about significant changes which include the materiality criteria for disclosures for listed companies and also events or information that need to be disclosed along with implications on the continuous and existing events or information.
Date & Time
20
Jul 2023 | 4:00 PM - 5:30 PM
Disclosures are also required to be made with respect to certain types of agreements as well as sale, lease or disposal outside of the scheme of arrangement. SEBI has also released a circular with respect to disclosures of material events on 13 July 2023.
Given the aforesaid, Lakshmikumaran & Sridharan Attorneys is pleased to host a Webinar to address the following issues:
- Changes to the compulsory disclosure requirements under Para A of Part A of Schedule III of LODR which includes disclosure of search, seizures and actions taken by authorities as well as fraud and default by the company and reporting of penalties.
- Objective Materiality criteria introduced for disclosures under Para B of Part A of Schedule III of LODR.
- Immediate action points on disclosure requirements of continuing events or information.
- Change in disclosure timelines.
- The challenges in reporting events in a multi-location organization.
- Action points in relation to rumours in mainstream media and disclosures by KMP.
- Discussion on changes required to be made in furtherance to the amendment in reporting structures within the organization, review of continuing events or information, checklist for future transaction, training of employees for reporting events, review of materiality policy.
Speaker:
- L. Badri Narayanan – Executive Partner, LKS
