Introduction Market manipulators have started adopting technology in order to illegally benefit from the securities market in India. The actions undertaken include using apps that encrypt communication, the use of mule accounts among other such measures that have a detrimental impact on capital markets. As a result of such modern methods being adopted, SEBI has…

The Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirement) Regulations, 2015 (LODR Regulations) have been recently amended by way of the LODR (Second Amendment) Regulations, 2023 (Amendment Regulations). The changes were initially proposed in a SEBI consultation paper on “Strengthening Corporate Governance at Listed Entities by Empowering Shareholders”. Some of the…

Introduction Recently, the Securities and Exchange Board of India (SEBI) amended various regulations vide the SEBI (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023 (Amendment) (read here) to introduce a dispute resolution mechanism for redressal of grievances. The Amendment comes in light of consultation papers dated 19 December 2022 (Consultation Paper 1) (read here) and 19 May 2023 (Consultation Paper 2) (read here).…

Introduction All listed companies in India need to make periodic disclosures to inform the stock exchange, its shareholders and the market about operations and activities undertaken by it. A recent amendment to the Listing Obligation Disclosure Regulations, 2023 (LODR Regulations) mandates a listed company to make disclosures concerning outstanding litigations, arbitrations and disputes. However, this…