Senior management definition added to ICDR regulations, expanding disclosure obligations to key managerial personnel and senior management. The amendment adds a defined concept of senior management to the ICDR Regulations-covering core management team members one level below top executives, functional heads, Company Secretary and CFO-and revises the Companies Act-based definition of key managerial personnel. It inserts 'senior management' alongside 'key managerial personnel' across regulation 2, regulation 163, and multiple items in Schedule VI (Parts A, B, B-1) and Schedule VIII, thereby broadening disclosure, management and organisational-structure references in offer-document and issuer reporting requirements.
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Senior management definition added to ICDR regulations, expanding disclosure obligations to key managerial personnel and senior management.
The amendment adds a defined concept of senior management to the ICDR Regulations-covering core management team members one level below top executives, functional heads, Company Secretary and CFO-and revises the Companies Act-based definition of key managerial personnel. It inserts "senior management" alongside "key managerial personnel" across regulation 2, regulation 163, and multiple items in Schedule VI (Parts A, B, B-1) and Schedule VIII, thereby broadening disclosure, management and organisational-structure references in offer-document and issuer reporting requirements.
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