Indian corporate entities may soon find themselves on smoother regulatory terrain, as KV Kamath, chairman of the industry-driven SEBI compliance forum, assures the imminent arrival of comprehensive guidelines to align with the market watchdog’s norms.
The Securities and Exchange Board of India (SEBI)-conceived forum, dedicated to aiding the implementation of diverse regulations, has made substantial headway in formulating these guidelines. Kamath emphasised their focus on recent mandates such as rumour verification by listed entities, revamped Listing Obligations and Disclosure Requirements (LODR), and the advent of Environmental, Social, and Governance (ESG) assurances.
This initiative stands poised to alleviate compliance burdens for corporations, furnishing them with pragmatic, clearly delineated steps to meet SEBI’s expectations. The forum, comprising eminent industry bodies like Assocham, CII, and FICCI, endeavours to bridge the gap between regulatory mandates and their real-world execution.
Kamath asserted, ‘The Industry Standards Forum is diligently crafting clear and pragmatic guidelines for companies to comply with SEBI regulations. We envisage a considerable enhancement in transparency and compliance ease for Indian businesses, thereby benefiting both investors and the market.’
While the precise timeline for releasing these guidelines remains undisclosed, Kamath’s affirmation casts a favourable light for companies navigating the constantly evolving regulatory landscape. This assurance offers hope to businesses striving to manoeuvre within regulatory changes effectively.
Vakilsearch experts commend SEBI’s initiative to streamline compliance guidelines. They stress the need for businesses to stay updated and leverage professional legal counsel for seamless adherence.
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