SEBI LODR: Everything Wrong With New Rumor Regulations

Aryan Srivastava, BA LLB, Symbiosis Law School, Nagpur

ABSTRACT

This short paper would look at Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, Regulation 30(11) which deals with rumors. This paper would specifically tackle the new regulations as they stand after December, 2023 when SEBI released their Consultation Paper. Introduction would look at a brief overview of the problem created by the new regulations and complexities. This paper would also explain in brief the change (before and after 2023) and why it happened and SEBI’s motive behind the change. A close analysis would look at multiple problems in the new regulations and their implementation and procedural blockades from both a legal and economic standpoint. The paper would refer to different articles and economists while also giving authors own views and interpretation about the topic to give the reader a better understanding of the new change in the rumor regime.