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Core Purpose

Notification by the Securities and Exchange Board of India amending Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 through the (Fifth Amendment) Regulations, 2023.

Detailed Summary

Dated 9 October 2023 (No. SEBI/LAD-NRO/GN/2023/155), the Securities and Exchange Board of India, exercising powers under Section 11, sub-section (2) of Section 11A and Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with Section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2023, effective from 1 October 2023. The amendment, to the first proviso of Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (originally published vide No. SEBI/LAD-NRO/GN/2015-16/013 on 2 September 2015 and amended more than thirty times since), omits the words "with effect from October 1, 2023" following the reference to "the top 100 listed entities", and replaces the words "with effect from April 1, 2024" following "the top 250 listed entities" with ", with effect from the date as may be specified by the Board", thereby changing the applicability date of the disclosure requirement for the top 250 listed entities from a fixed date to a date to be specified by SEBI. Signed by Babitha Rayudu, Executive Director [ADVT.-III/4/Exty./471/2023-24].

Full Text

6379 GI/202 3 (1) रजजस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 689] NEW DELHI , MON DAY , OCTOBER 9, 2023/ ASVIN A 17, 1945 CG-MH-E-09102023-249282 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai , the 9 th October , 2023 (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (FIFTH AMENDMENT) REGULATIONS, 2023 No. SEBI/LAD -NRO/GN/2023/ 155.—In exercise of the powers conferred by section 11, sub -section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Securities and Exchange Board of India hereby makes the following reg ulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely: - 1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclo sure Requirements) (Fifth Amendment) Regulations, 2023. 2. They shall come into force with effect from October 1, 2023 . 3. In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, in regulation 30, in sub -regulation (11), in the first proviso, - (i) the symbols, words and numerals ―(with effect from October 1, 2023)‖ appearing after the words and numerals ― the top 100 listed entities‖ shall be omitted; (ii) the symbols, words and numerals ―(wi th effect from April 1, 2024)‖ appearing after the words and numerals ―the top 250 listed entities‖, shall be substituted with the symbol and words ―, with effect from the date as may be specified by the Board,‖ ; BABITHA RAYUDU , Executive Director [ADVT. -III/4/Exty./ 471/2023 -24] 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 (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2015 vide notification No.SEBI/LAD -NRO/GN/2015 -16/27. b) May 25, 2016 by Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016 vide notification No. SEBI/ LAD -NRO/GN/ 2016 - 17/001. c) July 8, 2016 by Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2016 vide notification No. SEBI/ LAD -NRO/GN/ 2016 -17/008. d) January 4, 2017 by Securities a nd Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2016 vide notification No. SEBI/ LAD -NRO/GN/ 2016 -17/025. e) February 15, 2017 by Securities and Exchange Board of India (Listing Obligations an d Disclosure Requirements) (Amendment) Regulations, 2017 vide notification No. SEBI/LAD/ NRO/GN/2016 - 17/029. f) March 6, 2017 by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 vid e Notification No. LAD -NRO/GN/2016 - 17/037 read with March 29, 2017 by Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2016 -17/38. g) May 9, 2018 by the Securitie s and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 vide notification no. SEBI/LAD -NRO/GN/2018/10. h) May 30, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2018 vide notification No. SEBI/LAD -NRO/GN/ 2018/13. i) June 1, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2018 v ide notification no. SEBI/LAD -NRO/GN/ 2018/21. j) June 8, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018 vide notification No. SEBI/LAD -NRO/GN/ 2018/24. k) September 6, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2018 vide notification No. SEBI/LAD -NRO/GN/ 2018/30. l) November 16, 2018 by the Securities and Exchange Board of India (Listing Obl igations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018 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/ LAD -NRO/GN/ 2019/28. q) December 26, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fift h 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 notification No. SEBI/ LAD -NRO/GN/2020/02. s) April 17, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide no. SEBI/LAD -NRO/GN/2020/10. t) August 5, 2020 by the Securities and Exchange Board of India (Listing Obligations and Dis closure Requirements) (Second Amendment) Regulations, 2020, vide notification No. SEBI/ LAD -NRO/GN/ 2020/25. u) October 8, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2020, vide notification No. SEBI/ LAD -NRO/GN/ 2020/33. v) January 8, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021, vide notification no. SEBI/ LAD -NRO/GN/2021/02. w) May 5, 2021 by t he Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021, vide notification No. SEBI/ LAD - NRO/GN/2021/22. x) August 3, 2021 by the Securities and Exchange Board of India (Regulatory Sandb ox) (Amendment) Regulations, 2021 vide notification no. No. SEBI/LAD -NRO/GN/2021/30. y) August 3, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021, vide notification No. SEBI/ LAD -NRO/GN/ 2021/35. z) August 13, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2021, vide notification No. SEBI/ LAD - NRO/GN/2021/42. aa) September 7, 2021 by the Securit ies and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021, vide notification No. SEBI/ LAD -NRO/GN/ 2021/47. bb) November 9, 2021 by the Securities and Exchange Board of India (Listing Obligations and D isclosure Requirements) (Sixth Amendment) Regulations, 2021, vide notification No. SEBI/ LAD -NRO/GN/ 2021/55. cc) January 24, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022, vide notification No. SEBI/LAD -NRO/GN/2022/66. dd) March 22, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2022, vide notification No. SEBI/LAD -NRO/GN/ 2022/76. ee) April 11, 202 2 by the Securities and Exchange Board of India (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 (Listin g 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) Januar y 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 India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2023 vide notification No. SEBI/LAD -NRO/GN/2023/121. ll) June 14, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 vide notification No. SEBI/LAD -NRO/GN/ 2023/131. mm) July 4, 2023 by the Securities and Exchange Board of India (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023 vide notification No. SEBI/LAD –NRO/GN/2023/137. nn) August 23, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2023 vide notification No. SEBI/LAD -NRO/GN/ 2023/149. oo) September 19, 2023 by the Secur ities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2023 vide notification No. SEBI/LAD -NRO/GN/ 2023/151. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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