SEBI LODR Amendments – Key Relaxations (12-12-2024)

The SEBI LODR Amendment dated 12-12-2024 introduces significant relaxations for compliance.

Key Highlights:

1. Reg. 7(3): Compliance certificate requirement omitted.
2. Reg. 23(2)(e): No audit approval for non-promoter remuneration if immaterial.
3. Reg. 23(2)(f): Simplified RPT ratification provisions.
4. Reg. 30(6)(i): Extended disclosure timeline to 3 hours post-market hours.
5. Reg. 36(1)(b): Hard copies of annual reports replaced by web-links.
6. Reg. 36(2): Sending annual reports within 21 days relaxed.
7. Reg. 39(3): Relaxation on disclosing loss of share certificates.
8. Reg. 40(10): Exemption from CS certificate requirements.
9. Reg. 47: Publishing financial results and notices in newspapers not required.

Focus: Simplification, cost-saving and streamlined compliance.