Regulation 46: What Must Be on a Listed Entity's Website

Regulation 46 explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.

A listed company's website is a regulated disclosure channel, not a marketing asset. Regulation 46 sets out what must be on it, and Regulation 47 sets out what must additionally appear in newspapers.

Two things go wrong most often, and neither is about the list. The first is the two-working-day update rule, missed because nobody owns the website inside the compliance function. The second is a site redesign that quietly breaks every link an earlier filing pointed to.

Every listed entity must maintain a functional website containing the prescribed information, and must update any change within two working days. Material events disclosed under Regulation 30 stay on the site for at least five years, after which they move to an archive. Regulation 47 separately requires newspaper publication of specified items in an English national daily and a regional language daily where the registered office is situated.

The mandatory content

The website must carry, at minimum:

• details of the business of the listed entity;
• terms and conditions of appointment of independent directors;
• composition of the various committees of the board;
• the code of conduct of the board of directors and senior management;
• details of establishment of the vigil mechanism and the whistle-blower policy; Vigil mechanism →
• the criteria of making payments to non-executive directors, if not disclosed in the annual report;
• the policy on dealing with related party transactions; Related party transactions →
• the policy for determining material subsidiaries; Material subsidiaries →
• details of familiarisation programmes imparted to independent directors, with the number of hours;
• the email address for grievance redressal and other relevant details;
• contact information of the designated officials responsible for assisting and handling investor grievances;
• financial information — notice of the board meeting for results, financial results on conclusion of the meeting, and the complete annual report including the balance sheet, profit and loss account and directors' report;
• the shareholding pattern;
• details of agreements entered into with media companies or their associates;
• schedule of analyst or institutional investor meets and presentations made to them;
• new name and old name of the listed entity for a continuous period of one year from the date of the name change;
• items disclosed under Regulation 30, retained for a minimum of five years and thereafter archived;
• statements of deviation or variation in the use of issue proceeds;
• the dividend distribution policy, where Regulation 43A applies. Dividend distribution policy →

The two-working-day rule

Any change in the content of the website must be updated within two working days.

This is the requirement that most often fails, and the reason is organisational rather than legal: the website is usually maintained by marketing or an external agency, while the obligation sits with compliance.

Three controls fix it:

A single, stable investor relations location on the site, with a defined structure that survives redesigns.

A change trigger in the compliance calendar — every policy amendment, committee reconstitution, director appointment, name change and grievance officer change carries a website update as part of the same task, not as a separate one.

A quarterly reconciliation of what the site shows against what the last quarterly governance report stated. Where they differ, one of them is wrong. Quarterly governance report →

Analyst meets and media agreements

Two items in the list are easy to overlook and carry real consequences.

Analyst and institutional investor meets. The schedule must be on the website, and presentations made to analysts or institutional investors must be published. The purpose is even access: a presentation shown to selected investors and not published creates precisely the asymmetry the insider trading framework exists to prevent. Publishing before or promptly after the meeting is the safe practice. Insider trading regulations →

Agreements with media companies. Details of agreements entered into with media companies or their associates must be disclosed. The provision addresses arrangements under which media coverage is exchanged for equity or other consideration — an arrangement that, if undisclosed, misleads readers about the independence of the coverage.

Regulation 47: the newspaper requirement

Separate from the website, and still in force alongside it. The following must be published in newspapers:

• notice of the board meeting at which financial results will be considered;
• the financial results themselves, along with the modified opinion, if any;
• statements of deviation or variation in the use of issue proceeds;
• notices given to shareholders by advertisement.

Publication is in at least one English language national daily newspaper circulating in the whole or substantially the whole of India, and in one daily newspaper published in the language of the region where the registered office of the listed entity is situated.

Both are required. An English national daily alone does not discharge it, and the regional publication is the limb most often skipped by companies whose registered office is in a state where they do little business.

The published item must also carry a reference to the website links — the entity's own and the stock exchange's — where the full information is available.

Key takeaways

• The website is a regulated channel. Ownership belongs with compliance.
• Two working days to update any change in content.
• Regulation 30 disclosures stay for five years, then move to an archive.
• Keep investor relations links stable across redesigns.
• Publish analyst presentations, not just the meeting schedule.
• Media company agreements are disclosable.
• Regulation 47 needs both an English national daily and a regional language daily.

Read next

• Regulation 30: Disclosing Material Events and Information
• Regulation 27: The Quarterly Corporate Governance Report
• Regulation 43A: The Dividend Distribution Policy
• SEBI Insider Trading Regulations — PIT 2015

Disclaimer: Positions stated as on 5 September 2026. The newspaper publication and website requirements have both been amended in recent years — verify the current text on sebi.gov.in before relying on any of this.