SEBI LODR (Sixth Amendment) Regulations, 2018

SEBI has vide notification dated 16th November, 2018 issued SEBI LODR (Sixth Amendment) Regulations, 2018. As per the amendment:
a. a new definition of “fugitive economic offender” has been inserted which shall mean an individual who is declared a fugitive economic offender under section 12 of the Fugitive Economic Offenders Act, 2018.
b. Further regulation 31A has been substituted thereby revising the conditions for re-classification of any person as promoter/ public.
c. As per amendment to regulation 102, applicants seeking relaxation from any requirement of the regulations may file any application along with non-refundable fee of Rs. 1 lakh.
d. The companies are required to provide disclosure under the Sexual Harrasment of Women at Workplace Act in its Annual Report under Sch V.
e. As per amendment in Sch VII, in case of transmission of securities, affidavit is required from all the legal heirs along with other requisite documents (upto threshold limit of Rs. 2 lakh) unless there is a succession certificate/ probate of will/ will/ letter of administration in the name of claimant(s).