National stock Exchange of India
Circular Ref No: NSE/CML/2023/04 Date: January 10, 2023
The Company Secretary
All Listed Companies
Subject: Seeking of comments / feedback on the XBRL being introduced for submission of Announcements pertaining to all notices of Shareholders Meeting in phase manner
1. OBJECTIVE:
The objective of this document is to seek comments / feedback on the proposal to migrate from Portable Document Format (PDF) to eXtensible Business Reporting Language (XBRL) format for submitting corporate announcements pertaining to all notices of shareholders meeting as required under the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) read alongwith SEBI Circular dated September 09, 2015, as amended from time to time and such applicable laws.
2. BACKGROUND:
Listed entities are required to submit periodical compliance filings to Stock Exchange(s) within prescribed timelines as laid down in SEBI Listing Regulations and accordingly it was mandated to report XBRL based filings for financials from year 2015 onwards.
Over the period, Stock Exchanges in phase manner has been aiming to convert filings made under SEBI Regulations from PDF to XBRL. Listed entities file various disclosures under Regulation 30 of LODR with such details as are sought under the applicable Regulations/Circulars. With an objective to standardise securities market data it was deliberated that XBRL would be implemented for all corporate filings.
Accordingly, Stock Exchanges have implemented XBRL based compliance filing mechanism featuring identical and homogenous compliance data structures which will not only ease the compliance burden on listed entities but also will enable analysis on the data submitted by the listed entities.
Hence in this regard, filing of announcement pertaining to all notices of shareholders meeting, would require listed entities to file the same in XBRL exclusively in the phase manner as per below, formats of which are made available in para 4 hereinbelow:
Phase I – Details of only the agenda heading will be captured
Phase II – All the details forming part of the notice will be captured
3. ISSUES AND DELIBERATIONS:
Please note that the details required are typically descriptive in nature and based on the LODR provisions and applicable SEBI Circular. Accordingly, listed entities can provide their comments/feedback/suggestions/observations pertaining to any additions/modifications in the fields of the attached format for Phase I.
Further circular related to Phase II will be issued at a later stage.
4. COMMENTS FROM LISTED ENTITIES
Considering the implications of the XBRL filing by listed entities, comments in respect of the subject are solicited. Comments may be sent by email to [email protected] in the following format:
Phase – I – Details of only the agenda heading will be captured
| Name of entity / person:
Contact Number & Email Address: |
||||
| Sr. No | Event: Notice of Shareholders Meeting | Subject/Heading/ Field | Comments/ Suggestion | Detailed Rationale |
While sending email, kindly mention the subject as “Comments / Feedback on the XBRL being introduced for notice of shareholders meeting”
The comments may be sent by email to [email protected] latest by January 12, 2023.
Enclosed is the draft format for the XBRL being introduced.
Yours faithfully,
For National Stock Exchange of India Limited
Dhaval Shah
Manager – Listing
Encl: Draft Format for XBRL being introduced for Notice of Shareholders Meeting
|
NOTICE OF SHAREHOLDERS MEETING |
|
| PARTICULARS | SUB-PARTICULARS |
| NSE Symbol | |
| Name of the Company | |
| BSE Scrip Code | |
| MSE Symbol | |
| ISIN | |
| Event | 1. Annual General Meeting
2. Extra-ordinary Meeting 3. Postal Ballot 4. NCLT / Court Convened Meeting 5. Others |
| If others, please specify | |
| Mode of Meeting | 1. Physical Meeting
2. Video Conference (VC) or Other Audio-Visual Means (OAVM) |
| Number of Shareholders Meeting | |
| Day, Date, Time and Place of Shareholders Meeting | |
| Day | |
| Date | |
| Meeting Commencement Time | |
| Place | |
| End date of Postal Ballot Voting | |
| Number of agenda / business to be transacted | |
| Details of Resolution/Agenda | |
| Type of Resolution | Ordinary Resolution Special Resolution Others |
| Resolution Header – Searchable Content | (Drop down will be provided based on the type of resolution. Resolution headers are attached herewith as Annexure I) |
| Any other information | |
| Remarks (website dissemination) | |
| Remarks for exchange (not for website dissemination) | |
Annexure I
Ordinary Resolution category
Adoption of Financial Statements
Appointment of Statutory Auditors
Appointment of Branch Auditors
Appointment/ Re-appointment of Director
Issue of Bonus Shares
Cessation of Directorship
Change in Authorized Capital
Change in terms of appointment of a Director
Approval for appointment under Casual Vacancy
Confirmation of Dividend Paid
Declaration of Dividend
Donation to Charitable trusts
Office of Profit
Promoters Re-classification
Remuneration of Statutory Auditors
Ratification of appointment of Statutory Auditors
Ratification of Remuneration of Cost Auditors
Related Party Transaction
Stock Split
Removal Of Director
Acceptance of Deposits
Payment of Royalty
Retiring Director not seeking re-appointment
Approval for remuneration of Chairman of the Bank
Appointment of Cost Auditors
Grant of ESOP options to Directors
Special Resolution category
Alteration in Memorandum of Association / Articles of Association
Appointment of Director
Approval/ Ratification of ESOP Scheme
Approval of ESOPs to employees of Subsidiaries/ Holding Company
Capital Reduction
Change in Name of Company
Change in Objects Clause
Change in Registered Office
Continuation of Non-executive Director above 75 years of age
Approval for authorization to ESOP Trust for Secondary Acquisition
Loan to ESOP Trust for ESOP Scheme
Continuation of Independent Director above 75 years of age
Conversion of Loan into Equity
Creation of Charge on Company’s Assets
Debt Restructuring
Delisting of Shares
Disposal of Shares in Subsidiary
ESOP Repricing
Fee for Service of Document
FII Investment Limit
Increase in Board strength
Increase in Borrowing Limits
Inter-Corporate Loans/ Guarantees/ Investments
Issue of Equity shares
Issue of non-convertible debt securities
Issue of Preference shares
Issue of Securities
Place for keeping registers & documents
Removal of Statutory Auditors
Remuneration/ Revision in remuneration of Executive Directors
Sale of Assets
Share Buy back
Variation in terms of IPO Proceeds
Waiver of Excess Remuneration
Continuation of Executive Director above 70 years of age
Acquisition of shares
Ordinary / Special Resolution category
Changes due to Shareholders Agreement
Change in Designation of Director
Payment of Commission to Independent Directors
Payment of Commission to Non-Executive Directors
Scheme of Arrangement
Appointment / Re-appointment of Executive Directors (Including Remuneration)
Appointment/ Re-appointment of Non-Executive Director (Including Remuneration)
