SEBI has issued a Consultation paper on measures towards Ease of Doing Business and streamlining compliance requirements for Non-Convertible securities for review of LODR Regulations.
It is proposed to modify regulation 52(2)(b) of the LODR Regulation as follows: The quarterly financial results submitted shall be approved by the board of directors. Further, the financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole time director or in the absence of all of them; it shall be signed by any other director of the listed entity who is duly authorized by the board of directors to sign the financial results.
The comments/ suggestions should be submitted online latest by 2024.
