Learn about the website disclosure requirements for listed companies under SEBI regulations and the Companies Act, including financial statements and corporate governance.
Listed Company
Section 2(52) of the Companies Act, 2013 ‘Listed Company’ means a Company which has any of its securities listed on any recognized stock exchange.
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 define “Listed Entity” as entity which has listed, on a recognized stock exchange(s), the designated securities issued by it or designated securities issued under schemes managed by it, in accordance with the listing agreement entered into between the entity and the recognized stock exchange(s).
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandate for every listed company to have updated website
This article gives detailed for the Website Disclosure
Regulatory bodies
The following Regulatory bodies regulate such website disclosures on the website of the company:
- SEBI Listing (Obligations and Disclosure Requirements) Regulations 2015,
- SEBI (Prohibition of Insider Training) Regulations 2015,
- The Companies Act 2013.
SEBI Listing (Obligations and Disclosure Requirements) Regulations 2015
As per the Regulation 46 of SEBI Listing (Obligations and Disclosure Requirements) Regulations 2015 the listed entity shall maintain functional website and such entity shall disseminate the following information on its website:
1. Details of its business
2. Terms and condition of appointment of Independent director
3. Composition of various committee of board of director
4. Code of conduct of board of director and senior management personnel
5. Details of establishment of vigil mechanism/ whistle blower policy
6. Criteria of making payment to non-executive directors, if the same has not been disclosed in annual report.
7. Policy on dealing on related party transaction
8. Policy on determining “material subsidiaries”
9. The email address for grievance redressal and other relevant details
10. Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances
11. Shareholding pattern
12. Details of agreements entered into with the media companies and/or their associates, etc;
13. New name and the old name of the listed entity for a continuous period of one year, from the date of the last name change;
14. Schedule of analyst or institutional investor meet and presentations made by the listed entity to analysts or institutional investors simultaneously with submission to stock exchange
15. Details of familiarization programmes imparted to independent directors including the following details: –
1. Number of programmes attended by independent directors (during the year and on a cumulative basis till date),
2. Number of hours spent by independent directors in such programmes (during the year and on cumulative basis till date), and
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- Other relevant details financial information including:
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1. Notice of meeting of the board of directors where financial results shall be discussed; Ads by
2. Financial results, on conclusion of the meeting of the board of directors where the financial results were approved;
3. Complete copy of the annual report including balance sheet, profit and loss account, directors report, corporate governance report etc.
4. Financial information including:
5. Notice of meeting of the board of directors where financial result shall be discussed
6. Financial results, on conclusion of the meeting of the board of directors where the financial result was approved
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- Complete copy of annual report including balance sheet, profit and loss account, directors report, corporate governance report etc.
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16. Other items to be disclosed on website:
17. Notice of meeting
18. Financial Result
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- Consolidated Financial result
1. Statement of deviation(s) or variation(s)
2. Notice give to shareholders by advertisement
19. Disclosure of events or information:
The listed entity shall disclose all such events or information on their website which has been disclosed to Stock Exchange(s) under Regulation 30.
Such shall be hosted on the website for minimum period of Five (5) years and thereafter as per the archival policy of the listed entity, as disclosed on its website.
- Website disclosure under SEBI (Prohibition of Insider Training) Regulations 2015
Regulation 8 – Code of fair disclosure and conduct:
The board of directors of every company, whose securities are listed on a stock exchange, shall formulate and publish on its official website, a code of practices and procedures for fair disclosure of unpublished price sensitive information that it would follow in order to adhere to each of the principles set out in Schedule A to these regulations, without diluting the provisions of these regulations in any manner.
- The Companies Act, 2013:
According to, Section 12 read with Rule 26 of the Companies (Incorporation) Rules, 2014
Every company that conducts its business online on a website, should disclose certain information such as the name of the company, registered office address, their Corporate Identity Number (CIN), contact number, fax number if any, contact details on the homepage of the employee that handles all queries or grievances by customers as well as email id of the company.
1. Financial Statements & Consolidated Financial Statements (Section 136)
2. Every listed company should place its financial statements along with consolidated financial statements, if any, including other required documents that should be published on companies’ websites.
- Every listed company having subsidiaries should separately upload audited accounts reports of its subsidiary or subsidiaries on its website.
1. Any listed company having a foreign subsidiary incorporated outside India;
2. Disclosure of consolidated financial statement of such foreign subsidiary should be published on the listed company’s website;
According to any law of the country, the foreign subsidiary is not required to audit its financial statement of its incorporation but the holding company has to upload the unaudited financial statement of a foreign subsidiary, the Indian listed company should publish such unaudited financial statement in any language other than English along with a translated copy in English on its website.
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