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What are Compliances?

Compliance simply means being in accordance with the established guidelines or specifications, rules and regulations laid by the authorities or the process of becoming so.

With the introduction of the Companies act, 2013 the compliance and disclosure requirements of the companies has increased and will be increasing with the due course of time.

Compliances under Companies Act, 2013

For the better understanding of the same we have categorised the compliance in three parts namely:

♦ Event Based Compliances: These compliances need to be done by any entity whenever there is an occurrence of the specific event or any material event.

For example – change in registered office of the company – INC 22 has to be filled

♦  Timely Compliances: These compliances need to be fulfilled by an entity in a particular span of time, say monthly, quarterly, half yearly or yearly.

For example: AOC-4, MGT-7 etc.

♦ Specific Compliances: Some compliance need to be performed by certain companies only based on the requirement criteria of the rules.

In addition to the above compliances a listed entity whose shares are listed on the stock exchange is required to comply with the provisions of Securities Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015 and other various regulations issued by SEBI time to time.

Compliances under the SEBI (LODR) Regulation 2015 

Quarterly Compliances

COMPLIANCE

TIMELINE

REGULATION No

Share Holding Pattern

Within 21 Days From The Quarter End 31(1)(B)
Corporate Governance Report Within 15 Days From The End Of The Quarter

27(2)(A)

Financial Results Along With Limited Review Report

Within 45 Days  From The End Of Quarter

33(3)(A)

Statement Of Investors Grievance Redressal Mechanism

Within 21 Days From The End Of Quarter

13(3)

 

Statement Of Deviation(S) Or Variation(S)

Within 45 Days From The End Of Quarter

32(1)

Reconciliation Of Share Capital Audit Report Within 30 Days From The End Of Quarter

76(1)

Half Yearly Compliances

COMPLIANCE

TIMELINE

REGULATION No

Disclosures of related party transactions

30 days from the date of publication of its standalone and consolidated financial results.

Regulation 23 (9)

Yearly Compliances

Compliance

Timeline

Regulation No:

Secretarial Compliance Report

within 60 days of the end of the financial year Regulation 24A

 

Annual affirmations for compliance with code of conduct

At the 1st  BM in every Financial Year

Regulation 26(3)

Share Transfer Agent

Within 30 days from the end of financial year.

Regulation 7(3)

Payment of listing fees & Other charges

 

Within 1 month of end of 31st March every year

Regulation 14

Financial Results along with Auditor’s Report

 

Within 60 days from the end of the financial year

Regulation 33 (3) (d)

Annual Report Not later than the day of commencement of dispatch to its shareholders. Regulation 34(1)

Transfer or transmission or transposition of securities

Within 30 days from the end of the financial year

Regulation 40 (10)

Initial Disclosure requirements for large entities

Within 30 days from the beginning of the FY

Circular issued by SEBI

Annual Disclosure requirements for large entities

 

Within 45 days of the end of the FY

Circular issued by SEBI

Certificate from
Practicing Company Secretary.

Within one month of the end of the financial year.

Regulation 40 (9)

Submission of Voting Results to Stock Exchange

 

Regulation 44(3)

Further according to regulation 30 of SEBI LODR 2015 there are certain event based disclosure which the listed entity needs to comply with which includes prior intimations , any material event , all events specified in Part A schedule iii.

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2 Comments

    1. Prakash Mishra says:

      Hii sir, thankyou so much for the guidance .But after the publication we can not do any changes but i will take a note of it.
      thankyou so much

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