SEBI on May 9, 2018, amended the SEBI (LODR) Regulations, 2015 by the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018. The amendments in the SEBI (LODR) Regulations, 2015 are effective in a phase wise manner i.e. October 2018, April 2019 & April 2020. A list of amendments which are effective from October 1, 2018 are outlined below for necessary action
| S.No. | Regulations/ Particulars | Headings | Amended Regulations |
| 1 | Regulation 16 (1) (b) | Defination of Independent Director (ID) |
Eligibility criteria for a Director to be an independent Director would be as follows:
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| 2 | Regulation 25(1) | Alternate Director for ID |
No person shall be appointed or continue as an alternate director for an independent director of a listed entity. Further, every independent director shall, at the first meeting of the board in which he participates as a director and thereafter at the first meeting of the board in every financial year or whenever there is any change in the circumstances which may affect his status as an independent director, submit a declaration that he meets the criteria of independence as provided in clause (b) of sub-regulation (1) of regulation 16 and that he is not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact his ability to discharge his duties with an objective independent judgment and without any external influence. |
| 3 | Regulation 25(10) | Directors & Officers insurance for IDs | The top 500 listed entities by market capitalization, shall undertake Directors and Officers insurance (‘D and O insurance’) for all their independent directors of such quantum and for such risks as may be determined by its board of directors. |
| 4 | Proviso – Regulation 29(1)(f) | Prior Intimation of Board Meeting for Bonus Issue | Prior intimation for Bonus is required to be given to Stock Exchanges in every case. |
| 5 | Regulation 46(2)(r) | Credit Rating | All credit ratings obtained by the entity for all its outstanding instruments, to be updated immediately as and when there is any revision in any of the ratings. |