Handbook on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This third edition of the Handbook on the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, updated through August 2026, serves as a comprehensive and practical reference for professionals, company secretaries, compliance officers, legal practitioners, corporate advisors, academicians, and students dealing with securities laws and listed entity compliance in India. The book brings together the updated SEBI (LODR) Regulations, 2015, along with relevant regulatory guidance, making it an essential resource for understanding and implementing the disclosure and governance framework applicable to listed companies.

The publication includes the updated SEBI (LODR) Regulations, 2015 together with:

• References to relevant SEBI Master Circulars and Circulars
• Extracts of relevant FAQs issued by SEBI
• Extracts of relevant clarifications and FAQs issued by stock exchanges
• Industry Standards issued by ISF
• Referenced provisions of other laws
• References to relevant informal guidance issued by SEBI
• Master Circulars, Circulars, Formats, and Informal Guidance
• Industry Standards issued by ISF for "Market Rumours", "Regulation 30", "BRSR Core" and "RPT Industry Standards"
• A concise reference on Corporate Governance, Disclosures, and Compliances

Designed as a practical and up-to-date handbook, this edition provides a structured reference to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, supported by important circulars, industry standards, and compliance guidance, making it a valuable resource for regulatory compliance and corporate governance.

About Corporate Professionals
Brief Profiles of Experts who have Contributed to this Book
How to Read the Book / Some Unique Features of the Book
Applicability of SEBI (LODR) Regulations, 2015
Division 1 – SEBI (LODR) Regulations, 2015
Chapter I – Preliminary (Regulations 1–3)
Chapter II – Principles Governing Disclosures and Obligations of Listed Entity (Regulation 4)
Chapter III – Common Obligations of Listed Entities (Regulations 5–14)
Chapter IV – Obligations of Listed Entity Which has Listed its Specified Securities and Non-Convertible Debt Securities (Regulations 15–48)
Chapter V – Obligations of Listed Entity Which has Listed its Non-Convertible Securities (Regulations 49–62)
Chapter VA – Corporate Governance Norms for a Listed Entity Which has Listed its Non-Convertible Debt Securities (Regulations 62B & 62Q)
Chapter VI – Obligations of Listed Entity Which has Listed its Specified Securities and Either Non-Convertible Debt Securities or Non-Convertible Redeemable Preference Shares or Both (Regulations 63 & 64)
Chapter VIA – Framework for Voluntary Delisting of Non-Convertible Debt Securities or Non-Convertible Redeemable Preference Shares and Obligations of the Listed Entity on Such Delisting (Regulations 64A–64I)
Chapter VII – Obligations of Listed Entity Which has Listed its Indian Depository Receipts (Regulations 66–80)
Chapter VIII – Obligations of Listed Entity Which has Listed its Securitised Debt Instruments (Regulations 81–87)
Chapter VIIIA – Obligations of Listed Entity Which has Listed its Security Receipts (Regulations 87A–87E)
Chapter IX – Obligations of Listed Entity Which has Listed its Mutual Fund Units (Regulations 88–91)
Chapter IXA – Obligations of Social Enterprises (Regulations 91A–91F)
Chapter X – Duties and Obligations of the Recognised Stock Exchange(s) (Regulations 92–97)
Chapter XI – Procedure for Action in Case of Default (Regulations 98 & 99)
Chapter XIA – Power to Relax Strict Enforcement of the Regulations (Regulation 99A)
Chapter XII – Miscellaneous (Regulations 100–103)
Schedule I – Terms of Securities
Schedule II – Corporate Governance
Schedule III
Schedule IV
Schedule V – Annual Report
Schedule VI – Manner of Dealing with Unclaimed Shares
Schedule VII – Transfer and Transmission of Securities
Schedule VIII
Schedule IX – Amendments to Other Regulations
Schedule X – List of SEBI Circulars Which Stand Rescinded
Schedule XI – Fee in Respect of Draft Scheme of Arrangement
Schedule XII – Related Party Transactions
Division 2 – Master Circulars & Circulars
Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (January 30, 2026)
Master Circular No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 (July 11, 2025)
Master Circular No. SEBI/HO/DDHS-PoD-1/P/CIR/2025/117 (August 13, 2025)
Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/65 (May 18, 2022)
Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 (May 25, 2022)
Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 (January 30, 2026)
Division 3 – Industry Standards
Industry Standards Note on Business Responsibility and Sustainability Report (BRSR) Core
Industry Standards Note on Regulation 30 of the LODR Regulations
Industry Standards Note on Verification of Market Rumours under Regulation 30(11) of LODR Regulations
Industry Standards on Minimum Information to be Provided to the Audit Committee and Shareholders for Approval of Related Party Transactions (RPT Industry Standards)
Division 4 – Informal Guidance
Informal Guidance on SEBI (LODR) Regulations, 2015
Division 5 – Concise Referencer
Corporate Governance
Disclosures
Compliances