Proxy advisor reporting obligations require prompt client alerts for errors and rapid communication of material revisions to protect investors. SEBI-registered proxy advisors must alert clients within 24 hours of receipt of information about factual errors or impending material revisions to reports, and communicate any material revisions to clients within 72 hours of receipt while ensuring adequate time for clients to make informed decisions; these modified time-bound notification and communication duties supplement the existing procedural framework and are issued under SEBI's regulatory mandate to protect investor interests.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proxy advisor reporting obligations require prompt client alerts for errors and rapid communication of material revisions to protect investors.
SEBI-registered proxy advisors must alert clients within 24 hours of receipt of information about factual errors or impending material revisions to reports, and communicate any material revisions to clients within 72 hours of receipt while ensuring adequate time for clients to make informed decisions; these modified time-bound notification and communication duties supplement the existing procedural framework and are issued under SEBI's regulatory mandate to protect investor interests.
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