Question

A listed company discovers a MAJOR FRAUD or default, or is subject to an event that materially affects the price of its securities. The MATERIA EVENT disclosure obligation of the listed entity under the SEBI (LOD

Q: Answer-A listed company discovers a MAJOR FRAUD or default, or is subject to an event that materially affec...

Regulation 30 of the SEBI LODR Regulations, 2015 requires the listed entity to disclose MATERIAL EVENTS or information to the stock exchanges as soon as reasonably possible and not later than the prescribed timelines, including major events such as fraud or default, litigations, change in control, expansion and the like listed in Schedule III read with Regulation 30. Regulation 33 deals with financial results, Regulation 17 with board composition-governance, and Regulation 8 with general obligations. Timely, uniform disclosure of material events is the heart of market-integrity obligations. Non-disclosure attracts the SEBIs enforcementpenalty mechanisms.