Secretarial Compliances

The SEBI Regulation Act of 1992 was created to safeguard investor interests and maintain the integrity and responsibility of the market.

SEBI Compliances

The SEBI Regulation Act of 1992 was created to safeguard investor interests and maintain the integrity and responsibility of the market. A listed firm has a duty to alert SEBI Compliance of material information that is required to be disclosed. The Corporation will need to identify any significant information resulting from the aforementioned events, activities, or businesses. The business must also create a policy for identifying material information and events, which must be posted on the website of the business.

The following information must be disclosed by the company on a quarterly, semi-annual, annual, and event-based basis to SEBI Compliance:

The decision of the Board of Directors is that, in accordance with SEBI Regulation 2015, the Listed firm must disclose the information to the Exchange within 30 minutes of the meeting’s conclusion.

Financial Results: Every listed firm must submit its quarterly results and a Limited Review Report to the Stock Exchange within 45 days of the end of each quarter.

Every listed firm must also report its annual audited standalone financial results to the stock market within 60 days of the end of the fiscal year.

Investor Complaints Statement: An entity must produce the statement of investor complaints within 45 days of the end of each quarter, outlining the status of the complaints that have been filed, received, handled, and unresolved.

Annual report: Every listed corporation is required to submit, no later than the day of the start of the send-off to its shareholders, both the annual report and the notice of the annual general meeting to the stock exchange. If the annual report needs to be changed, the updated version must be provided no later than 48 hours following the annual general meeting.

Certificate from PCS: Within one month of the end of each half of the financial year, you must submit a certificate from a practising company secretary attesting that all the certificates relevant to the transfer, sub-division, consolidation, etc. have been issued within 30 days.

Shareholding Pattern: The listed firm must periodically exchange a statement outlining its shareholding arrangement.

One day prior to its securities being listed on the stock exchange
if on a quarterly basis, within 21 days of the end of each quarter.
Within a month following the change, if a capital restructuring results in a change that is greater than 2% of the entire paid-up share capital.

Corporate Governance Report: A listed firm that fits under the category to submit to the stock exchange must submit the Corporate Governance report within 15 days of the end of the quarter.

Notice for BM and AGM:

In the event of financial results, at least five working days’ notification is required before exchanging.
Other matters: Exchanges must be made at least two working days in advance.
When redeeming bonds or debentures, at least 11 working days must pass before exchanging.

Voting Results: Within 48 hours following the end of its general meeting, the listed entity must disclose the specifics of the voting results for exchange.

Record date and Book Closure: The listed entity must provide at least 7 working days’ notice in advance of any exchange for corporate benefits such as mergers, de-mergers, splits, bonuses, dividends, right issues, etc.

Website compliance: Per SEBI Regulation (LODR) 2015, a listed firm is required to have a website that discloses the following information:

Details of business
Policies in the company
Shareholding pattern
Annual Report
Email address for Grievance redressal

How SalahKaro can help you?

SalahKaros SEBI Compliance expert is available to provide complete services related to SEBI regulation, audits, or stock exchange. Our carefully thought-out operational strategy produces deliverables in a timely and efficient manner. So, our services have a few distinctive qualities, including:
- Full support for the submission of every meeting’s minutes as well as any other report or return with SEBI compliance.
- Easy technique for assembling all documents in accordance with SEBI Regulation (LODR), 2015.
- Maintaining close control, the company’s website complies with SEBI Regulation (LODR) 2015 compliance standards.
- Handling the thorough preparation of any documents needed for SEBI Regulation filing.
- Presenting any form of argument on the company’s side before the SEBI Compliance.
- Supporting the client in communicating with various governmental bodies and making arguments on the company’s behalf.

FREQUENTLY ASKED QUESTIONS

Which companies are required to adhere to the SEBI compliances?

SEBI compliances are required to be adhered to by every listed company. Further, if any of the provisions or regulations as laid down by SEBI becomes applicable to an entity, then such entity shall also ensure compliance with the requirements of SEBI, whether listed or not.

Who shall be appointed as the Compliance Officer in the listed entity?

A qualified company secretary shall be mandatorily appointed as a compliance officer in the listed entity.

What are the various committees that a company should form as per SEBI (LODR) Regulations?

As per SEBI (LODR) Regulations, a listed entity shall constitute various committees including:

Audit Committee
Nomination and remuneration committee
Risk management committee
Stakeholders relationship committee
Vigil Mechanism etc.

Whether the listed entity can distribute dividends if it has made a default in payment of interest on debt securities or in the redemption thereof or in the creation of the security as required by the terms of the debt security issue.

. In any of the above cases, a listed entity shall not declare or distribute dividends.

Whether listed entities are required to provide remote e-voting facilities to their shareholders?

Yes. listed entities are mandatorily required to provide remote e-voting facilities to their shareholders in respect of all its shareholder’s resolutions.