SEBI Invites Public Comments of ICDR and LODR Regulations by July 17

SEBI has made public a consultation paper on recommendations of the Expert Committee for facilitating ease of doing business and harmonization of the provisions of ICDR and LODR Regulations.

The aim of this consultation paper is to gather comments, views, and suggestions from the public and other stakeholders regarding the recommendations of the Expert Committee. These recommendations pertain to facilitating ease of doing business under the SEBI (Listing Obligations and Disclosure Requirements) (“LODR”) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) (“ICDR”) Regulations, 2018, as well as the harmonization of the provisions of the ICDR and LODR Regulations.

These steps are taken to follow up on the announcements made in the Union Budget for FY2023-24.

Click here to read the detailed report of the expert committee

Some of the key points discussed in the report pertain to the appointment of Board and committee members, classification of promoters and controlling shareholders and related party transaction among others.

Public comments   are invited on the final recommendations of   the Expert Committee. The  comments/ suggestions  should  be  submitted  latest  by July 17, 2024through the following link:

https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComments=yes

In case of any technical issue in submitting your comment through web based public comments    form,   one may    send the comments through e-mail to consultationcfd@sebi.gov.in with   the subject   “Consultation   Paper   on the Recommendations of the Expert Committee for facilitating ease of doing business and harmonization of the provisions of the ICDR and LODR Regulations.”

Board Stewardship encourages are learned readers to participate in this consultation process and make a valuable contribution to the framing of new rules.