Every Listed Entity has to abide by the various SEBI Regulations and non-compliance of which attracts penal provisions against the Company. This article delves into the SEBI regulations governing listed entities, emphasizing filing requirements with the Bombay Stock Exchange (BSE) for the recent quarter, half-year, and fiscal year concluding on March 31, 2024. Following are the returns to be filed with BSE by equity listed entities for the last Quarter, half year and Financial Year ended on March 31, 2024.
| Due Date of May Board Meeting | 30.05.2024 | ||||
| Sr. No | Regulation | Regulation Number | Title | Mode of uploading on Stock Exchange | Timeline |
| 1 | PIT Regulations | Clause 4 of Schedule B of Reg. 9 | Closure of Trading Window for designated Persons from 1st day of Quarter till the completion of 48 hrs from the declaration of FR | Pdf, XBRL, freezing of PAN on NSDL Portal | Last day of Quarter |
| 2 | PIT Regulations | Regulation 3(5) | Structured Digital Database Compliance Certificate Exemption: BSE Listed Entities on whom Reg. 24A is not applicable |
pdf For NSE; mail the SDD Certificate to sdd_pit@nse.co.in |
21-Apr |
| 3 | LODR Regulations | Regulation 13(3) | Statement of Grievances Redressal Mechanism | XBRL | 21-Apr |
| 4 | LODR Regulations | Regulation 24A | Secretarial Compliance Report Attach MR-3 (Format of Secretarial Audit Report) with Annual Report and submit to the SE |
Pdf & XBRL | 30-May |
| 5 | LODR Regulations | Regulation 27(2) | Corporate Governance Report | XBRL | 21-Apr |
| 6 | LODR Regulations | Regulation 31(1) | Shareholding Pattern | XBRL | 21-Apr |
| 7 | LODR Regulations | Regulation 33(3) | Financial Results | Pdf & XBRL | 30-May |
| 8 | LODR Regulations | Regulation 29(1) | Prior Intimation of Board Meeting | Pdf & XBRL | 5 days prior to the Board Meeting |
| 9 | LODR Regulations | Regulation 47(3) | Publication of Financial Results in Newspaper | Also submit Pdf of newspaper cutting to SE | 48 hours from the conclusion of Board Meeting |
| 10 | LODR Regulations | Regulation 32(1) | Statement of Deviation or Variation | Pdf & XBRL | 30-May |
| 11 | LODR Regulations | Regulation 46 | Website update | _ | 2 w.days |
| 12 | LODR Regulations | Regulation 14 | Annual Listing Fees | _ | 30-Apr |
| 13 | DP Regulations | Regulation 76 | Reconciliation of Share Capital Audit Report | Pdf & XBRL | 30-Apr |
| 14 | LODR Regulations | Regulation 7(3) | Compliance Certiface for share transfer facality | 30-Apr | |
| 15 | LODR Regulations | Regulation 40(9) | Certificate from PCS that RTA issued share certificates on timely basis | 30-Apr | |
| 16 | LODR Regulations | Regulation 34 | Annual Report | As soon as it is dispatched to shareholders | |
| 17 | LODR Regulations | Regulation 23(9) | Related Party Disclosures | Pdf & XBRL Pdf to be signed by CFO with stamp |
On the same day FR are published |
| 18 | LODR Regulations | Regulation 30 read with Schedule III Part A Para No. 4 | Outcome of Board Meeting | Pdf & XBRL | 30 mins from the conclusion of Board Meeting |
Note No. 1: Secretarial Audit:
Applicable Laws:
1. Section 204 of the Companies Act, 2013 and
2. Regulation 24A of SEBI LODR Regulations
As per the LODR, Secretarial Audit is mandatory for every listed entity and its material unlisted India Subsidiary. Where material unlisted Indian subsidiary means the one whose income or Net Worth does not exceed 10% of consolidated Income or Net Worth.
Exemption from 24A: The exemption comes from Regulation 15(2). Following Listed entities are not required to undertake Secretarial Audit
1. Whose paid up Equity share capital does not exceed 10 Crores and Net Worth does not exceed 25 Crores as on last day of previous FY.
2. Whose specified securities are listed on SME Exchange.
Note No. 2: Structured Digital Database (“SDD”) Certificate
As per BSE’s Notice 20230329-21 dated March 29, 2023, only those BSE listed entities to whom Regulation 24A of Secretarial Audit are not applicable shall continue to submit SDD Certificates on quarterly basis within 21 days from the end of each Quarter and rest are not required to submit the same. Such exempted Companies’ Compliance Officers shall maintain the data internally in SDD Software.
Conclusion: Non-compliance with SEBI regulations poses significant risks to listed entities, including financial penalties and reputational damage. Timely adherence to filing requirements with the BSE is imperative to maintain regulatory compliance and uphold investor trust. Entities must diligently monitor deadlines, understand exemptions, and ensure accurate submissions to navigate the regulatory landscape effectively.
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Very helpful
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very clear and thorough explanation.