In this article, we provided an overview of the changes to the list agreement, the SEBI circular above and their impact on listed companies. An independent director is only responsible for acts of omission or commission of a company which, with its knowledge and consent or consent, has been committed or has not acted prudently with respect to the provisions of the rating agreement; In accordance with the Companies Act 2013, the Securities and Exchange Board of India (SEBI) announced some changes to the listing agreement. CIR/CFD/POLICY CELL/2/2014 of April 17, 2014. In accordance with the circular issued on 17 April 2014, SEBI amended and revised Clause 35B and paragraph 49 of the equity listing agreement in accordance with the circular published on 17 April 2014. Review of the annual accounts and the legal auditor`s report with management prior to submission to the Board of Directors for approval, particularly with respect to: (a) issues that must be included in the Director`s statement of responsibility, which must be included in the Board`s report in accordance with the provisions of the 2013 Corporations Act; (b) changes in accounting practices and practices and the reasons for them, if any; (c) large accounting inflows that include estimates based on the exercise of judgment by company management; (d) significant adjustments to financial statements resulting from the results of the audit review; (e) compliance with the listing and other legal requirements relating to transactions (e) the publicity of transactions with related persons; and (f) qualifications in the draft audit report ii. Monitoring and monitoring of the auditor`s independence and performance, as well as the effectiveness of the audit process; iii. review of internal business lending and investment; iv. valuation of the company`s businesses or assets when necessary; v. verifying the adequacy of internal control systems with the management, performance of legal and internal auditors; Vi.