SEBI:
The SEBI has issued a circular to clarify that under Regulation 6(1) of the LODR Regulations, the Compliance Officer of a listed entity must be in whole-time employment, one level below the Board of Directors, and designated as Key Managerial Personnel.
“One level below” means directly below the Managing Director (MD) or Whole-Time Director(s).
If no MD/Whole-Time Director exists, the Compliance Officer should be below the CEO, Manager, or the person heading day-to-day operations.
[Circular No. SEBI/HO/CFD/PoD2/CIR/P/2025/47 dated 01.01.2025]
