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of <h1>SEBI Updates Listing Regulations: New Governance Norms for Trusts, Senior Management Definitions, and Board Appointment Rules.</h1> The Securities and Exchange Board of India (SEBI) has issued amendments to the Listing Obligations and Disclosure Requirements Regulations, 2015. These amendments, effective from their publication date, include changes to governance norms for Infrastructure and Real Estate Investment Trusts, definitions of senior management, and procedures for the appointment or re-appointment of board members in public sector companies. Additionally, the term 'key managerial personnel' replaces 'key managerial persons' in several regulations. Amendments to Regulation 15 and Schedule V will take effect on April 1, 2023, and apply to annual reports for the financial year 2022-2023 onwards.
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