CORPORATE LAW UPDATE
28th April, 2022
Issue No. 01/22-23
AMENDMENT OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
Vide notification dated 25th April, 2022, SEBI has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Regulations”) to modify the provisions with respect to transmission of securities.
Accordingly, listed entities are now required to comply with the provisions of Regulation 40 and procedural requirements specified in Schedule VII to the said Regulations for transfer as well as transmission of securities.
Further, clause C of the Schedule VII has also been substituted and the documents required for transmission of securities with and without nomination has been modified.
The notification can be accessed here.
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