SEBI Compliances

SEBI Compliances

SEBI Regulation | SEBI Compliance for Listed Company

SEBI Regulation 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 from 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 company.  

The company needs to disclose on a quarterly/half-yearly/annual basis and event-based disclosures to SEBI Compliance:

The outcome of the 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 Regulation, 2015.

Financial Results: Every listed entity shall be required to submit its quarterly results within 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 the 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 the shareholding pattern from time to time:

  • A day before the listing of its securities on the stock exchange
  • Within 21 days from the end of each quarter in case of a quarterly basis.
  • In case of capital restructuring resulting in a change exceeding 2% of the total paid-up share capital- within 1 month of change.

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:

  • In case of Financial Results – At least 5 working days advance notice to exchange.
  • In other matters- At least 2 working days in advance to exchange.
  • In case of Redemption of Debentures/bonds- At least 11 working days in advance to exchange.

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 issues, etc.

Website Compliances: According to SEBI Regulation (LODR) , 2015 the listed entity shall have a website and disclose the following information:

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

How ASC can help you? 

SEBI Compliance expert at ASC will serve with comprehensive services regarding SEBI regulation, Audit, or stock exchange. Our well-planned approach to operations provides deliverables in a time-bound and effective manner. Hence there are a few specific characteristics of our services which are:

  • Thorough assistance in the filing of the outcome of every meeting or any other report or return with SEBI Compliance.
  • Hassle-free process in the composition of all documents according to SEBI Regulation (LODR), 2015.
  • Keeping tight-knit management that the website of the Company is as per the compliance requirements of SEBI Regulation (LODR), 2015.
  • Handling the out-and-out preparation of any documents which are required to file with SEBI Regulation.
  • Making any kind of representation on behalf of the Company before the SEBI Compliance.
  • Backing the client in liaising with various Government authorities and making representations on behalf of the Company.

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.

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