SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015: Balancing Corporate Governance And Accountability

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Megha Acharya

ABSTRACT

Corporate governance principles help all the stakeholders to build strong monitoring preventive mechanism for early detection of corporate malpractices to safeguard investors and ensure resilient economy. Corporate governance entails the procedure and rules that balances the interest of the corporate entity without bypassing any legal threshold and also ensuring the various goals of the company. The initial corporate governance model in India was largely based on US and UK models which could not facilitate to address nuanced Indian businesses as witnessed by upsurging corporate frauds causing massive disruption in the economic sphere. SEBI’s Listing Obligations and Disclosure Requirements [LODR] Regulations, 2015, was introduced to consolidate, streamline and strengthen corporate governance standards for listed companies. The LODR Regulations prescribes stringent prescriptions wherein a listed entity ensures to observe quality-driven compliance. While some parts of the LODR Regulations are not in tandem with quality-driven compliance rather they serve only as a formal compliance structure or a mere box-ticking method of compliance framework.

Keywords: LODR Regulations, Corporate Governance, SEBI, Disclosure Requirement and Regulatory Compliance

584. SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015- BALANCING C

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