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<h1>SEBI Amends 2015 Rules: New Audit Qualification Statements, Unmodified Opinions, and More Effective April 1, 2016.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Listing Obligations and Disclosure Requirements Regulations, 2015, effective April 1, 2016. Key changes include the introduction of the 'Statement on Impact of Audit Qualifications' for audit reports with modified opinions, replacing previous forms A and B. Listed entities must now declare unmodified audit opinions when publishing annual financial results. Provisions related to the Qualified Audit Report Review Committee have been removed. Additional amendments address the handling of audit qualifications where impacts are not quantifiable, requiring management estimates reviewed by auditors. Schedule VIII has been deleted.