Voices on Reporting - Special session: SEBI implements Kotak Committee recommendations
VOR - SEBI implements Kotak Committee recommendations
The Securities and Exchange Board of India (SEBI), on 9 and 10 May 2018, issued certain amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).
The Securities and Exchange Board of India (SEBI), on 9 and 10 May 2018, issued certain amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).These amendments give effect to the approved recommendations of the Kotak Committee on Corporate Governance (the Committee) report. The Committee was formed in June 2017 under the Chairmanship of Uday Kotak with the aim of improving standards of corporate governance of listed companies in India.
Many amendments are effective from 1 October 2018 and 1 April 2019 onwards. However, certain recommendations such as disclosures relating to board evaluation by listed companies, formation of a dedicated group governance unit or governance committee in case of a listed entity with multiple subsidiaries are applicable with immediate effect.
In this call, we discussed the key amendments in the SEBI Listing Regulations based on the recommendations of the Kotak Committee report.
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