Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Summary
This part comprises Chapter I Preliminary of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended up to July 14, 2026. Regulation 1 provides the short title and specifies that the Regulations come into force on the ninetieth day from publication in the Official Gazette with an exception for Regulation 23(4) and Regulation 31A. Regulation 2(1) defines terms including Act, associate, Board, designated securities, listed entity, mainstream media and others by reference to the Companies Act, 2013 and other statutes. This part defines 'offer document' by cross-reference to the SEBI ICDR Regulations 2018, SEBI NCS Regulations 2021, SEBI Mutual Funds Regulations 1996 and SEBI Securitised Debt Instruments Regulations 2008. It defines 'promoter' and 'promoter group' under ICDR, 'public' and 'public shareholding' under SCRR, and 'quarter' and 'quarterly results' for LODR purposes. It sets out the definitions of 'related party' and 'related party transaction' including deeming thresholds of 20% and 10% from April 1, 2023, exclusion for listed mutual fund units, and exclusion for preferential issues of specified securities. T
Text
These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
They shall come into force on the ninetieth day from the date of their publication in the Official Gazette: Provided that the provisions of sub-regulation (4) of regulation 23 and regulation 31A shall come into force on the date of notification of these regulations.
"Act" means the Securities and Exchange Board of India Act, 1992 (15 of 1992);
"associate" shall mean any entity which is an associate under sub-section (6) of section 2 of the Companies Act, 2013 or under the applicable accounting standards: Provided that this definition shall not be applicable for the units issued by mutual fund which are listed on a recognised stock exchange(s) for which the provisions of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 shall be applicable;
"Board" means the Securities and Exchange Board of India established under section 3 of the Act;
"board of directors" or "board of trustees" shall mean the board of directors or board of trustees, whichever applicable, of the listed entity;
"chief executive officer" or "managing director" or "manager" shall mean the person so appointed in terms of the Companies Act, 2013;
"chief financial officer" or "whole time finance director" or "head of finance", by whatever name called, shall mean the person heading and discharging the finance function of the listed entity as disclosed by it to the recognised stock exchange(s) in its filing under these regulations;
"designated securities" means specified securities, non-convertible debt securities, non-convertible redeemable preference shares, perpetual debt instrument, perpetual non-cumulative preference shares, Indian depository receipts, securitised debt instruments, [security receipts,] units issued by mutual funds, [Zero Coupon Zero Principal Instruments] and any other securities as may be specified by the Board;
"financial year" shall have the same meaning as assigned to it under sub-section (41) of section 2 of the Companies Act, 2013;
"fugitive economic offender" shall mean an individual who is declared a fugitive economic offender under section 12 of the Fugitive Economic Offenders Act, 2018 (17 of 2018);
"holding company" means a holding company as defined in sub-section (46) of section 2 of the Companies Act, 2013;
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Source: SecMarx — Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.