OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 26 - Obligations with respect to employees including senior management, key managerial personnel, directors and promoters
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter IV OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES
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Conflict of interest rules govern disclosures and bar undisclosed profit sharing agreements without board and shareholder approval. Directors face limits on serving on or chairing committees, must disclose committee positions, and annual codes of conduct affirmations are required. ... Summary
Conflict of interest rules govern disclosures and bar undisclosed profit sharing agreements without board and shareholder approval.
Directors face limits on serving on or chairing committees, must disclose committee positions, and annual codes of conduct affirmations are required. Senior management must disclose material transactions giving rise to a conflict of interest. Employees, key managerial personnel, directors and promoters cannot enter agreements for compensation or profit sharing tied to dealings in the listed entity's securities without board approval and public shareholder ordinary resolution; interested persons must abstain from voting, and continuing agreements post-listing must be placed before the board and then the first general meeting for shareholder approval. Interested person is defined to capture voting-rights holders directly or indirectly interested in such agreements.
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