SEBI has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Amendment has been made to Regulation 2, 15, 23, 24, 31A, 37, and Schedule III. In Reg. -15, a new sub-regulation has been inserted providing that provisions relating to board of directors shall not be applicable during the period in respect of a listed entity which is undergoing insolvency resolution process. Also, role and responsibility of Board shall be fulfilled by interim resolution professional.
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