Grounded answers across statutes, regulations, circulars, and case law — backed by official source documents in seconds.
What are the compliance requirements for a material subsidiary under SEBI LODR?
Reading your question…
Companies Act, 2013 · s. 2(87)
LODR Master Circular, Jan 2026
LODR Regulations, 2015
24. Corporate governance requirements with respect to subsidiary of listed entity.
(1) At least one independent director on the board of directors of the listed entity shall be a director on the board of directors of an unlisted material subsidiary, whether incorporated in India or not.
ICDR Regulations, 2018
Under Regulation 24(1), at least one independent director on the board of the listed entity shall be a director on the board of an unlisted material subsidiary. 1
Performance
We put a set of 135 legal questions to Bullseye and checked the results against the official documents that answer them. Here is how often its first search found the right document, by the kind of question you ask.
See full performanceWhat does the circular say?
6 of 9 found the right document · 67%
Is this still in force?
17 of 20 found the right document · 85%
Find the case
15 of 18 found the right document · 83%
What's the law on…?
17 of 21 found the right document · 81%
What changed recently?
14 of 19 found the right document · 74%
Numbers, limits and deadlines
34 of 37 found the right document · 92%
Outside our sources
Nothing to find: judged on the answer alone.
Snapshot of our test run on 14 Oct 2026
Coverage
Bullseye pulls from fragmented authorities and returns one cross-regulatory answer with official citations.
Explore full source coverageLegislation3
Courts2
Tribunals9
General Corporate1
Financial Regulators5
Tax, Competition & Cybersecurity4
Sectoral Regulators3
Markets, Depositories & Enforcement6
Drafting & review
General AI redlines from habit. Bullseye redlines from the official sources, and cites the rule behind every change.
“Check this DPA against the DPDP Rules.”
Found two clauses that fall short of the Rules.
“Fix them, and cite the rule behind each change.”
Redlined both, with the rule in the margin.
“Keep it in track changes for the vendor.”
Every edit stays tracked for them to accept.
Data_Processing_Agreement.docx
9.3 Notification. The Processor shall notify the Company of any personal data breach affecting the Company's data within seven (7) days twenty-four (24) hours of becoming aware of it, with the details the Company needs to report it.
9.4 Records. The Processor shall keep logs of access to the Company's personal data for ninety (90) days one (1) year and make them available to the Company to investigate a breach.
Bullseye
Seven days is too late. From May 2027, you must send the Board a full breach report within 72 hours.
DPDP Rules, 2025 · Rule 7(2) ↗
Bullseye
From May 2027, logs that let you investigate a breach must be kept for a year, including by your processor.
DPDP Rules, 2025 · Rule 6(1)(e) ↗
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Research and drafting
Up-to-date coverage across Indian statutes, regulators, courts, and tribunals
Inline official source documents with every answer
Drafting and review workflows with track changes
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Privacy
Your files and chats stored in India
Automatic PII redaction
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