SEBI (Listing Obligations and Disclosure Requirements) Fifth Amendment Regulations 2019

The Securities and Exchange Board of India (SEBI) has notified on 26th December 2019 the to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Fifth Amendment Regulations 2019 with effect from 26th December 2019. These Regulations prescribe different disclosure requirements for different types of listed securities. By this amendment, the following changes has been introduced to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015-

Regulation Provision before amendment Provision before amendment
Regulation 34(2)(f) The listed entity shall submit the annual report to the stock exchange which shall contain – For the top 500 listed entities- the business responsibility report describing the initiatives taken by them from an environmental, social and governance perspective, in the format as specified by the Board from time to time.For entities other than top 500 listed companies- the business responsibility reports on a voluntary basis in the format as specified. The listed entity shall submit the annual report to the stock exchange which shall contain – For the top 1000 listed entities- the business responsibility report describing the initiatives taken by them from an environmental, social and governance perspective, in the format as specified by the Board from time to time.For entities other than top 1000 listed companies- the business responsibility reports on a voluntary basis in the format as specified.
Proviso to Regulation 42(2) Previously, this proviso was not there and introduced with this current amendment. The listed entity shall give notice in advance of atleast 7 working days to stock exchange specifying the record date or date of closure of transfer books. Provided that in the case of rights issues, the listed entity shall give notice in advance of atleast 3 working days (excluding the date of intimation and the record date).

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