Context:
The Securities and Exchange Board of India (Sebi) has notified a raft of changes to the listing obligation and disclosure requirements (LODR) regulations in areas such as related party transactions (RPTs), promoter reclassification, and secretarial audit.
Details of the Changes made by SEBI:
Key Terms:
The Listing Obligations and Disclosure Requirements (LODR) are a set of regulations that govern how listed companies communicate information, meet compliance requirements, and adhere to corporate governance norms.
Related Party Transactions (RPTs) It is a transaction between related parties which involves transfer of resources, services or obligations between them regardless of whether a price is charged.
A secretarial audit is a audit that ensures a company is following the laws and regulations set by the Securities and Exchange Board of India (SEBI) and other governing bodies.
Also know about: Securities and Exchange
