The Exchange has received queries regarding the Exchange Circular LIST/COMP/10/2019-20 dated May 09, 2019, titled ‘Format for Annual Secretarial Audit Report and Annual Secretarial Compliance Report for listed entities and their material subsidiaries’.
Accordingly, the following may be noted:
Companies who have claimed exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015 and submitted Non-Applicability Certificate for Corporate Governance Report are not required to submit any other document or disclosure for claiming exemption for Annual Secretarial Compliance Certificate.
Regulation 15(2) of SEBI (LODR), Regulations, 2018 says that:
- the listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty five crore, as on the last day of the previous financial year:
Provided that where the provisions of the regulations specified in this regulation becomes applicable to a listed entity at a later date, such listed entity shall comply with the requirements those regulations within six months from the date on which the provisions became applicable to the listed entity.
- the listed entity which has listed its specified securities on the SME Exchange
Text of the BSE circular Date: 14th May, 2019 is as follows:-
LIST/COMP/12/2019-20 Date: 14th May 2019
Dear Sir/Madam,
Sub: Clarification on Annual Secretarial Audit Report and Annual Secretarial Compliance Report for listed entities and their material subsidiaries.
The Exchange has received queries regarding the Exchange Circular LIST/COMP/10/2019-20 dated May 09, 2019, titled “Format for Annual Secretarial Audit Report and Annual Secretarial Compliance Report for listed entities and their material subsidiaries”.
Accordingly, the following may be noted:
Companies who have claimed exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015 and submitted Non-Applicability Certificate for Corporate Governance Report are not required to submit any other document or disclosure for claiming exemption for Annual Secretarial Compliance Certificate.
For further details in this matter, you may write to bse.regulation30@bseindia.com
Thank you
Abhijit Pai Shyam Bhagirath
Dy. General Manager Associate Manager
Listing Compliance Listing Compliance
Text of the BSE circular Date: 9th May, 2019 is as follows:-
LIST/COMP/10/2019-20 Date: 9th May, 2019
Dear Sir/Madam, Sub: Format for annual secretarial audit report and annual secretarial compliance report for listed entities and their material subsidiaries. In continuation to the SEBI Circular to the Companies dated February 08, 2019 with regard to format for annual secretarial audit report and annual secretarial compliance report for listed entities and their material subsidiaries, the Exchange has introduced facility in the Listing Centre for filing of Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018. Companies which are not claiming exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015 are required file the Annual Secretarial Compliance Report through the Corporate Announcements Module of the Listing Centre Corporate Announcement > Compliances > Regulation 24A – Annual Secretarial Compliance. Filings in respect of Annual Secretarial Compliance Report are to be filed by all listed entities which are not claiming exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015 within 60 days from the end of Financial Year. For further details in this matter, you may write to bse.regulation30@bseindia.com Thank you Abhijit Pai Shyam Bhagirath Dy. General Manager Associate Manager Listing Compliance Listing Compliance |