The regulatory updates publication issued by the Foundation for Audit Quality (FAQ)
highlights the latest developments in accounting, auditing and regulatory developments
in India and internationally.
Regulatory updates for November 2022
Recently, the Securities and Exchange Board of India (SEBI) issued amendments to the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR
Regulations). The amendments mainly pertain to the following areas:
- Appointment, re-appointment and removal of Independent Directors
- Appointment of monitoring agency in case of preferential issue and Qualified Institutions Placement
-
Amendments relating to the financial reporting requirements of issuers of Non-Convertible Securities (NCS)
- Amendments relating to schemes of arrangement undertaken by issuers of NCS
- Unclaimed NCS and accrued benefits
Additionally, SEBI has issued certain amendments to the SEBI (Issue of Capital and
Disclosure Requirements) Regulations, 2018 (ICDR Regulations). Some of the key
amendments issued include – Pre-filing of draft offer document, requirement to appoint a
monitoring agency to monitor the use of proceeds of an issue, amendments made to
Schedule VI of the ICDR Regulations, amongst others.
This issue of the regulatory updates publication covers some of the important updates
on auditing and regulatory matters for the period from
1 November 2022 to 30
November 2022.
It also highlights some of the action points that auditors may consider
when applying the relevant provisions.
Matter for auditors’ attention
Download PDF for the month of November 2022
