SEBI UPDATE
SEBI (LODR) (Second Amendment) Regulations, 2016
SEBI has further amended the SEBI (LODR) Regulations, 2016 whereby top 500 listed entities based on market capitalization (calculated as on March 31 of every FY) shall formulate a dividend distribution policy which shall be disclosed in their AR and on their websites. (SEBI (LODR) (Second Amendment) Regulations,2016). They shall come into force on the date of their publication in the Official Gazette.