Introduction of Quantitative thresholds for determining ‘materiality’ of events/information

SEBI amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023, to introduce a "stricter timeline" for disclosure of material events or information by listed companies and criteria for determining the materiality of events. A few of these include: a. Quantifying the meaning of “material”, thereby limiting discretion with the listed entities, b. Requiring amendments to the Materiality Policy; c. Reducing timelines for disclosures; d. Mandatory verification of market rumours by the top 100 (250 from FY 24-25) listed entities; e. Broadening and shuffling of the events and information listed under Schedule III etc. The amendment regulations were applicable from July 14, 2023.

You may find interesting

Security

Testing4

The SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 notified on May 31, 1993 have served as one of the important fundamental regulatory framework for the Indian securities market. With the technological developments, the way in which securities are issued, held, and transferred is now fundamentally different. Registrars to an Issue and Share Transfer Agents (RTAs) are key to this process. Further, the number of securities held in physical form has been going down consistently after the introduction of dematerialization of securities. It may be mentioned that the number of physical shareholding is less than 1% of the total holding as on March 31, 2025. Role of RTAs has further reduced in view of the fact that securities are issued only in dematerialized form. In response to this changing landscape, SEBI undertook a comprehensive review of RTA regulations, 1993 resulting in notification of SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 2025 on December 16, 2025.