SEBI Act, 1992 has been enacted to protect the interests of the investors and to keep the market transparent and responsible. A listed entity is under the responsibility and mandatorily needs to disclose material information to SEBI Compliance. The Company shall require to determine material information derived out of the said events or activity or business. The company also need to formulate a policy for the determination of material information and material event, which shall also be placed on the website of the company.
The company needs to disclose on a quarterly/half-yearly/annual basis and event-based disclosures to SEBI Compliance:
Outcome of Board Meeting: The Listed entity is required to disclose the information to the Exchange within 30 minutes of the closure of the meeting according to SEBI (LODR) Regulation, 2015.
Financial Results: Every listed entity shall be required to submit its quarterly results with 45 days from the end of each quarter along with a Limited Review Report to the Stock Exchange.
Further, every listed entity shall be required to submit its Annual Audited standalone financial results within 60 days from the end of the financial year to the Stock exchange.
Investor Complaints Statement: The statement of Investor complaints needs to submit by an entity within 45 days from the end of each quarter detailing the pendency/ received/ disposed of/ unresolved complaint status.
Annual report: Every listed entity shall require to submit its annual report along with notice of Annual General Meeting sent to Shareholders to the Stock exchange not later than the day of initiating the send-off to its shareholders.
If any changes to the annual report, the revised shall be sent not later than 48 hours after the annual general meeting.
Certificate from PCS: A certificate from Practicing Company Secretary certifying that all the certificates pertaining to the transfer, sub-division, consolidation, etc. have been issued within 30 days is required to produce within 1 month of the end of each half of the financial year.
Shareholding Pattern: The listed entity shall submit to exchange the statement showing shareholding pattern from time to time:
Corporate Governance Report: The Corporate Governance report shall be submitted within 15 days from the end of the quarter by a listed entity that falls in the category to submit to the stock exchange.
Notice for BM, AGM:
Voting Results: The listed entity shall submit to exchange voting result details within forty-eight hours of the conclusion of its General Meeting.
Record date, Book Closure: The listed entity shall give advance notice of at least 7 working days to exchange for the purpose of corporate benefits like mergers, de-mergers, split, bonus, dividend, right issue, etc.
Website Compliances: According to SEBI (LODR) Regulation, 2015 the listed entity shall have a website and disclose the following information:
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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.
A qualified company secretary shall be mandatorily appointed as a compliance officer in the listed entity.
As per SEBI (LODR) Regulations, a listed entity shall constitute various committees including:
In any of the above cases, a listed entity shall not declare or distribute dividends.
Yes. listed entities are mandatorily required to provide remote e-voting facilities to their shareholders in respect of all its shareholder’s resolutions.