Which instrument lays down corporate governance requirements, such as board composition and an audit committee, for entities whose securities are listed in India?
Question and options
Which instrument lays down corporate governance requirements, such as board composition and an audit committee, for entities whose securities are listed in India?
Securities Contracts (Regulation) Rules, 1957
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Answer and explanation
The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 set the corporate governance rules for listed entities, including board composition (regulation 17) and the audit committee (regulation 18). The ICDR Regulations govern public issues of securities, and the Takeover Regulations govern acquisitions of shares and control.
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