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<h1>SEBI Updates Regulations: New Rules for Independent Directors, Financial Disclosures, and Scheme Filings.</h1> The Securities and Exchange Board of India (SEBI) issued the Sixth Amendment to the Listing Obligations and Disclosure Requirements Regulations, 2015, effective upon publication in the Official Gazette. Key changes include provisions for appointing and removing independent directors based on voting outcomes, adjustments in terminology for public and rights issues, and requirements for financial disclosures. Entities must submit financial results within specified timelines, disclose detailed financial ratios, and report on the use of non-convertible securities proceeds. Additionally, new procedures for filing draft schemes of arrangement with stock exchanges and the National Company Law Tribunal are outlined, including fee structures and compliance requirements.