Reg 25(7) familiarisation programme for independent directors
Familiarising independent directors with the entity, their roles and the business model, and publishing the programme details on the website.
Standing duty, no filing date
- SEBI
- SEBI events and governance
- Not specified
- 2026-09-01
There is no deadline. Reg 25(7) is a standing duty: the entity familiarises its independent directors with the entity, their roles, rights and responsibilities, the nature of the industry and the business model. The details of the programme go on the website under Reg 46(2)(i) and into the annual report under Schedule V.
Deadlines counted from an event
Familiarise the independent directors with the listed entity, their roles, rights and responsibilities in the entity, the nature of the industry in which the entity operates, and the business model of the entity, through programmes. The details of the programme are disclosed on the website under Reg 46(2)(i) and in the annual report under Schedule V. The content requirement is unchanged.
The rule
Familiarise the independent directors with the listed entity, their roles, rights and responsibilities in the entity, the nature of the industry in which the entity operates, and the business model of the entity, through programmes. The details of the programme are disclosed on the website under Reg 46(2)(i) and in the annual report under Schedule V. The content requirement is unchanged.
Who must comply
- Every entity with specified securities listed on a recognised stock exchange
- Each independent director on the board of that entity
- Reg 15(2) exempts an entity with paid-up equity share capital of ₹10 crore or less and net worth of ₹25 crore or less, and an entity listed on the SME Exchange, from Reg 17 to Reg 27.
Statutory basis
Before you file
- Prepare the familiarisation material covering the entity, the industry and the business model.
- Cover the roles, rights and responsibilities of an independent director in that material.
- Record the date and duration of each programme and who attended.
How to file
- Run the familiarisation programme for each independent director.
- Record the programme details, including the hours spent.
- Publish the programme details on the website under Reg 46(2)(i).
- Include the programme details in the annual report under Schedule V.
The listed entity's own website, and the annual report
If you miss it
No per-day exchange fine is asserted here, because this provision is not on the fine table we have verified. A breach of a corporate-governance condition is a breach of listing conditions, which section 23E of the Securities Contracts (Regulation) Act reaches at not less than ₹5 lakh and up to ₹25 crore. SEBI's other head is section 15HB of the SEBI Act, the residual penalty that applies where the Act provides no specific penalty for the contravention. Section 15A(b) is not the right head, because a missed meeting is not a failure to furnish information.
- The default shows in the quarterly governance report inside Integrated Filing (Governance), so it becomes visible to the exchange and to investors without any separate complaint
- SEBI has moved to a settlement route for many governance defaults, which still carries a settlement amount and an admission on the record
Common questions
How often does the programme have to run?
LODR sets no periodicity. Reg 25(7) is a content and disclosure duty, and the disclosure of the details rides the website requirement and the annual report.