Regulatory Alerts2025-04-01
Clarification on Compliance Officer Position under SEBI LODR Regulation 6
The Securities and Exchange Board of India (SEBI) issued a circular to clarify the hierarchical 'level' requirement for Compliance Officers under Regulation 6 of the LODR Regulations. The regulator defines this position as being no more than one level below the Managing Director or Whole-time Directors, or alternatively, one level below the Chief Executive Officer if such director roles are absent. This interpretation aligns with the organizational structure definitions provided in the LODR Regulations and the Companies Act, 2013.
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