);

Updates/Latest News

Updates/Latest News

India: Top 500 listed entities to undertake D&O insurance for all their independent directors

Notification No. SEBI/LAD-NRO/GN/2018/10 makes it mandatory for the top 500 listed entities to undertake D&O insurance for all their independent directors. Relevant provision and the link to  notification are given below.

“With effect from October 1, 2018, the top 500 listed entities by market capitalization calculated as on March 31 of the preceding financial year, shall undertake Directors and Officers insurance (‘D and O insurance’) for all their independent directors of such quantum and for such risks as may be determined by its board of directors.”

https://www.sebi.gov.in/legal/regulations/may-2018/sebi-listing-obligations-and-disclosure-requirement-amendment-regulations-2018_38898.html