The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, establish a detailed compliance framework for listed entities, categorizing disclosures into non-event, event-based, and shareholder meeting requirements. Key non-event based compliances include the integrated filing of corporate governance reports and the reconciliation of share capital audit reports, both due within 30 days in XBRL mode, and prompt intimation of credit rating updates (within 24 hours). For event-based compliances, companies must provide prior intimation of board meetings for financial results (five working days in advance) and fund-raising activities (two working days), with the outcome of board meetings concerning financial results or securities allotment due within 30 minutes. Financial results and the integrated XBRL filings must be disclosed within 12 hours of the board meeting conclusion, including specifics on RPTs and audit qualifications. Compliances related to shareholder meetings require timely public notice of the AGM/EOGM (21 clear days) and immediate filing of voting results (within two working days) and annual reports. These rules, including special requirements for debt-listed entities and timely disclosures regarding insider trading and corporate actions, standardize transparency and accountability in the financial market.
Practical Checklist Under SEBI(LODR) Regulations 2015
1.1 Non-Event Based Compliances
| Regulation | Description | Timeline | Filing Requirements |
| 27(2) | Integrated Filing – Governance As per SEBI Circular December 2024 Covered – Investor Complaints Corporate Governance Requirements ( Like Board Composition , Meeting Held During the Period Under Review etc .) |
Within 30 Days | In XBRL Mode (API Integration) |
| 74(5) | Certificate From RTA | Within 30 Days | In PDF Mode |
| 76 | Reconciliation of Shares Capital Audit Report Certified by PCS |
Within 30 Days | In XRBL (API Integration ) |
| 31 | Shareholding Pattern | Within 30 Days | To Be Updated At DD
also |
| 30 | Rating Update | Within 24 Hrs | |
| 30 | Closure of Trading Window | T-2 Working Days , Also Update the details of designated Person |
XBRL +PDF |
| 30 | Prior Intimation of BoardbnMeeting | 5 Working Days in Advance |
XBRL + PDF |
| 30 | Outcome of Board Meeting where financial results were considered |
Within 30 Mins | |
| 30 | Financial Results | Immediately With the Outcome of Board Meeting | PDF ( Should Contain Only Financials ) |
| 30 | Integrated Filing – Financials | XBRL ( Should Include Financials, RPTs, Variation & Deviation in case of fund raised, Default in repayment of loan), Statement of Impact of Audit Qualifications |
Within 12 Hrs |
| 30 read with 47 | News Paper Publication & Copies |
Copies of Newspaper Publication within 24 Hrs and in 12 Hrs Scanned Copies to Stock Exchange , QR Code of Webpage to be given in newspaper ad |
Within 12 Hrs |
| 30 | Prior Intimation of Investors/ Analyst Meet | At least 2 Working in Advance , Efforts should be made for One-to-One Meeting Also |
T-2 Working Days (PDF) |
| 30 | Investor Presentation | Before Next Trading Session | Within 12 Hrs |
| 30 | Monitoring Agency Report | Once Received | Within 24 Hrs PDF |
| 30 | Outcome of Investor Meet | Audio Video Recording of Investors Meet |
Within 12 Hrs |
| 30 | Transcript of Investor / Analysts Meet | Within 5 Working Days | In PDF |
1.2 Annual General Meeting / Extra Ordinary General Meeting /Postal Ballot Related Compliances
| 30 | Outcome of Board Meeting
– Briefly about the Approval of Notice of AGM /EOGM – Appointment of Scrutinizer for Evoting – – Record Date / Cut-off Date Details – Book Closure |
Within 12 Hrs /30 Mins of The Conclusion of Board Meeting as the case may be |
PDF Mode |
| 30 | Notice of AGM /EOGM | In XBRL + PDF Mode ( 21 Clear Day Compliance ) |
Efforts should be made to update on same day of dispatch of notice of AGM/EOGM ( post con~irmation of RTA )else within 12 Hrs |
| 30 | News paper Publication of Notice with clear instruction of AGM/EOGM |
Within 48 Hrs and Update to Stock Exchange Within 12 Hrs |
|
| 30 | Letter to Shareholders | Public Intimation about Sending Notice |
|
| 30 | Proceedings of AGM | Brief Details About the AGM /EOGM | |
| 44 | Voting Results | Within 2 Working Days of Conclusion of AGM / EOGM /Postal Ballot | XBRL +PDF |
| 30 | Minutes of Postal Ballot | Within 12 Hrs of Signing of Minutes by the chairperson of the AGM /EOGM | |
| 30 | Alteration | Any Alteration in MOA / AOA | Within 12Hrs |
| 30 | BRSR | XBRL | Top 1000 Listed Entities |
| 34 | Annual Report | Same Day of Despatch to Shareholders | PDF Mode |
1.3 Event Based Compliances
| 29 | Prior Intimation of Board | Due to Fund Raising | 2 Working days in |
| Meeting | Activities | advance also intimate by emails to all DPs for notional trading window Closure at least 48 hrs post conclusion of board meeting |
|
| 30 | Outcome of Board Meeting | Detailed Outcome of Board Meeting Including Type of Fund to be raised generally preferential allotment on Private Placement basis |
Within 30 Mins ( Disclosure as per SEBI Circular Dated 11 Nov 2024 ) |
| 30 | XBRL | XBRL for issuance of securities |
On same day of meeting |
| 30 | Outcome of Board or Committee Meeting | Post Successful Allotment of securities to eligible investors |
Within 30 Minutes of Board or Executive Committee Meeting |
| 30 | XBRL | Allotment of Securities | Same Day |
| 31(1)(c) | SHP | Changes In Shareholding Post Allotment Exceeding Prescribed Threshold |
Within 24 Hrs |
| 30 | Appointment of Director /KMP/ Auditor | Brief Details with Outcome of Bord Meeting and XBRL |
Within 12 Hrs |
| 30 | Resignation of Auditor /Director /KMP |
Brief Details with Outcome and XBRL |
Within 12 Hrs |
| 42 | Record Date for Corporate Actions |
In Portal and also under Regulation 30 |
At least 2 Working days in advance |
| 39 | Loss of Share Certificate | In XBRL | XBRL +PDF |
| 30 | OTS with Banks | In XBRL | XBRL+PDF |
1.4 Compliance Applicable for Debt Listed Entities ( Like Issued NCDs etc )
| Regulation | Description | Timeline | Filing Requirements |
| 60 | Record Date | At least 3 Working Days In Advance | XBRL +PDF |
| 57(1) | Certi~icate Regarding Payment of Interest | Within one working day of amount becoming due | |
| 50(1) | Prior Intimation about the Meeting of the board of directors for the adoption of Financial statements |
T -2 Working Days | |
| 50(2) | Prior Intimation of Meeting of NCD Holders /AGM /EOGM | Same day of dispatch of Notice | |
| 52(7) | Statement of Variations and Deviations | On Same Day of Disclosure of Financial Statements |
|
| 53(2) | Annual Report | Along with Notice of AGM | |
| 52(1) | Financial Results | As per The Equity
Timeline |
|
| 7(3) | Certificate From RTA | Within 30 Days | |
| 54(2) | Assets Cover Certificate | With F/R | |
| 13(3) | Investor Complaints | Within 21 Days | XBRL |
Regulation 23(9) ,,27(2) are applicable to HVDLEs Only.
1.5 Other Disclosure ( General)
| Regulation | Description | Timeline | Filing Mode |
| 29(1) | Takeover Regulation Acquisition By person with PAC of more than 5% on post issue basis | In T+2 Working Days | |
| 29(2) | Any Changes Exceeding 2% | In T+2 Working Days | |
| 31(1) | Details of Pledge( If Done Out of Depository System by Promoter / Promoter Group ) | In T+7 Working Days | |
| 31(1) | Yearly Disclosure About Pledge | In T+2 Working Days | |
| 7(2) | Trading Done by Insider in One or Multiple Tranches of more than 10 Lacs | In T+2 Working Days ( NA if Co has SDD ) | |
| Takeover Regulations | Details About the Draft Letter of Offer in case of Acquisition by the Person with PAC and updates till final conclusion | As and when subject to timeline prescribed under LODR |
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Disclaimer – All efforts has been made to make the checklist as per the latest updates , still errors and omissions may be expected , always cross check with recent guidelines , emails , circulars , and any amendments thereof by the regulator before implementing the same , I disclaim all kind of liabilities , matters of torts , damages , wrong consequences due to acting on the basis of this checklist , consider it for reference purpose only .
By CS Chirag Kothari
Author Bio
