National Institute of Securities Markets (NISM) in association with Institute of Company Secretaries of India (ICSI) organized the 2nd Workshop on ‘Proposed Clause 36 & Revised Clause 49 of Listing Agreement’ at Mumbai on November 24 ,2014.


Shri Prashant Saran, Whole Time Member, Securities and Exchange Board of India (SEBI) inaugurated the programme. The keynote address was delivered by Ms. Chitra Ramkrishna, MD & CEO, National Stock Exchange of India (NSE). Shri Sandip Ghose, Director-NISM also spoke on the occasion.

The workshop deliberated on two themes – Critical Evaluation of Clause 49 and Disclosures based on Materiality and Price Sensitiveness (Proposed Clause 36).

The session on ‘Critical Evaluation of Clause 49’ was deliberated by Shri Amit Tandon, DGM, SEBI, Shri Bharat Vasani, General Counsel, Tata Group and Shri Narayan Shankar, VP & CS, M & M.

The session on ‘Disclosures based on Materiality and Price Sensitiveness (Proposed Clause 36)’ was deliberated by Ms. Harini Balaji, DGM, SEBI, Ms. Savithri Parekh, Head Legal, Pidilite Industries and Dr. V. R. Narsimhan, CRO, NSE.

Shri V. S. Sundaresan, CGM, SEBI delivered the closing remarks.

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The workshop received enthusiastic response from the corporate sector making it a grand success.


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