26 March 2024

In this post, the authors attempts to analyse the trend adopted by SEBI as provided in Regulation 30 with respect to disclosure of material event requirements against the backdrop of June 2023 amendments and suggestions proposed in the consultation paper released in December 2023. This piece is aimed at exploringthe meaning of materiality by taking reference from foreign jurisprudence, comparing the approaches adopted by Security Exchange Commission (“SEC”) and SEBI for regulation of disclosure of material information andanalysing the nature of proposed amendment in the consultation paper.