by Raghav Goyal
In India there is a law for every single thing you see in your daily life.If you are a corporate having nation wide business you are regulated by many laws for say Companies Act,2013, SEBI Laws, Labour Laws and many more.
On September 2,2015 SEBI notified a regulation named SEBI(Listing Of Obligations and Disclosure Requirements) 2015 which is applicable on Listed Entities. So, today we will discuss its applicability and Quarterly Compliances of Companies which has Listed its Shares and convertible Securities.
Applicability Of SEBI (LODR), 2015:-
Quarterly Compliances for Entities who has listed its Shares & Convertible Securities:-
SEBI (LODR) has 103 regulations out of which Regulation 1 to Regulation 48 are applicable to those listed Entity which has listed only its shares or/and Convertible Securities.
Here are the Quarterly obligations of Listed Entity and the last date upto which the obligation is to be complied:-
| Regulation | Compliance | Due Date | Effect Of COVID-19 |
|---|---|---|---|
| Regulation 13 | File a statement of investor complaints at the beginning of quarter,recevied and disposed of during the quarter and those remain pending during the quarter | Within 21 days from the end of quarter | Due date for Quarter ending 31st March,2020 is April 21,2020 which has been extended to May 15,2020 |
| Regulation 23 | Audit committee shall review on quarterly basis the Related Party Transactions which are entered on omnibus approval | ………….. | ………………… |
| Regulation 27 | Submit a Compliance report on Corporate Governance | Within 15 days from end of quarter | Due date for Quarter ending 31st March,2020 is April 15,2020 which has been extended to May 15, 2020 |
| Regulation 31 | Submit a statement showing holding of securities and shareholding pattern for each class of securities | Within 21 days from end of Quarter | Due date for Quarter ending 31st March,2020 is April 21,2020 which has been extended to May 15, 2020 |
| Regulation 32 | Submit to stock exchange following statements for public issue,rights issue,preferential issue:- (a)Indicating deviations,if any,in the use of proceeds from the objects stated in offer document (b)Indicating category wise deviations between projected and actual utilisation | till the proceeds are utilised statement has to be given quarterly | ……………….. |
| Regulation 33 | Submit quarterly and year to date Standalone(OR Consolidated if it has susidiaries)Financial Statements to the stock exchange *These Financial results may be audited and if not audited they are subject to limited review by any Practicing Chartered Accountant | within 45 days from the end of each quarter other than the last quarter (in last quarter file Annual financial statements within 60 days) | – Due date for Quarter ending 31st March,2020 is May 30,2020 which has been extended to June 30,2020 – For Listed Entities which are Banking/Insurance Companies or having subsidiaries which are Banking/Insurance Companies may submit Consolidated Financial Statements on Voluntary Basis for Quarter ending June 30,2020 by specifying the reason for same. |
SEBI LODR is a mechanism to create transparency and trust worthiness between Listed Entity and Investors.
For any further queries or requirements contact
Team
Compliance Arena
info@compliancearena.in
8447773833