The compliance burden on listed companies is set to increase from Saturday as capital markets regulator Sebi has put in place a stricter timeline for disclosure of material events or information by them.
Under this, the Securities and Exchange Board of India (Sebi) has given 12 to 24 hours for disclosures.
The regulator has asked companies to disclose agreements entered into by shareholders, promoters, related parties, directors, key managerial personnel, and employees of the listed entity or of its subsidiary, which can impact the management and control of such firms to stock exchanges.
Such agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party.
Disclosure of family settlement agreements was already required under the existing Para A of Schedule III under the LODR (Listing of Obligations and Disclosure Requirements) Regulations.
Further, for material events or information that emanate from the
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