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Latest from the Regulator - February 2025

By- Institute of Directors


Government Appoints Mr. Tuhin Kanta Pandey as SEBI Chairman for Three-Year Term

IOD Blog

The Union government has appointed Finance and Revenue Secretary, Mr. Tuhin Kanta Pandey as the new Chairman of the Securities and Exchange Board of India (SEBI) for a three-year tenure, replacing Ms. Madhabi Puri Buch, who completed her three-year tenure on February 28, 2025. An IAS officer from the 1987 Odisha cadre, Mr. Pandey currently serves as the Finance Secretary and leads the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance, overseeing critical fiscal policy initiatives and disinvestment strategies. With extensive expertise in public asset monetization and capital market regulation, Mr. Pandey was instrumental in executing the strategic disinvestment of Air India to the Tata Group and spearheaded India's largest IPO with the listing of LIC, reinforcing the government's commitment to fiscal consolidation. His appointment comes amid heightened macroeconomic uncertainties, marked by capital outflows from Foreign Institutional Investors (FIIs) and increasing market volatility. As SEBI Chairman, he is expected to bolster financial market resilience, enhance regulatory oversight on capital flows, expand alternative investment avenues, and mitigate systemic risks associated with derivative markets. His leadership will be crucial in strengthening corporate governance, ensuring market integrity, and aligning SEBI's regulatory framework with global best practices to foster long-term investor confidence.

SEBI Unveils New Benchmarks for Transparent Disclosures Under Regulation 30

Securities and Exchange Board of India (SEBI) has introduced industry standards to streamline compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring the effective disclosure of material events and information. The Industry Standards Forum (ISF), comprising ASSOCHAM, CII, and FICCI under the aegis of stock exchanges, formulated these standards in consultation with SEBI to facilitate ease of doing business. The industry associations and stock exchanges will publish the guidelines on their websites, and listed entities are required to adhere to them for compliance. Stock exchanges have been directed to inform listed entities and ensure implementation.

SEBI sets new Disclosure Standards for Transparent Related Party Approvals

New industry standards have been introduced by SEBI to ensure a uniform approach in the approval process of related party transactions (RPTs) by audit committees and shareholders. Developed by the Industry Standards Forum (ISF) in collaboration with ASSOCHAM, CII, and FICCI under the aegis of stock exchanges, these guidelines specify the minimum information required for reviewing and approving RPTs under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The updated standards will be published on industry association and stock exchange websites, with listed entities required to comply from April 1, 2025. Additionally, SEBI has amended Section III-B of its Master Circular to incorporate these standards, ensuring transparency and consistency in RPT disclosures. Stock exchanges have been directed to communicate the new requirements to listed entities and oversee compliance.

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Institute of Directors India

Institute of Directors India

Bringing a Silent Revolution through the Boardroom

Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'​. Currently it is associated with over 30,000 senior executives from Govt, PSU and Private organizations of India and abroad.

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    Institute of Directors India

    Bringing a Silent Revolution through the Boardroom

    Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'​. Currently it is associated with over 30,000 senior executives from Govt, PSU and Private organizations of India and abroad.

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