LODR Statutory Provisions for Regulating Listed Companies

CS Bina Darji 14 Apr 2022 2,262 Views 1 comment Print SEBI | Articles

The following provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 governs listed companies:

Regulation	Sub-Regulation	Compliance Required	Terms	Time Limit
6	1	Company has appointed Company Secretary and Compliance Officer?
7	1	Share Transfer agent is appointed?, if yes please details of the same
	3	Compliance certificate submitted to the exchange as per regulation 7(2)	Half yearly	Within 1 month of end of half FY
	4	Provide agreement between Company and RTA
9		Company having policy on Preservation of Documents?
13	1	Company having Grievance Redressal Mechanism?
	2	Company is registered on SCORES platform?
	3	Company has filed return of Investor Complaint i.e Statement of Grievance Redressal Mechanism	Quarterly	Within 21 days of Quarter End
	4	Report of return of Investor Complaint was placed before the Board?
14		stock exchange Annual fees paid?
16	1	Company having policy for Material Subsidiary?
17		Please provide details of Composition of Board of Directors
	1	(a) Details of Executive and Non Executive Directors (The Board of Directors shall have not less than 50% of Board Comprising of Non Executive Director)
		Atleast 1 women director whether executive, non executive or Independent needs to be on Board
		(b) Board have Non-Executive Director?
		*If yes, then atleat 1/3 of the Board shall comprised of Independent Director
		*If No, then atleast 50% of the Board shall be comprised of Independent Director
		*Is Non-Executive Chairman is a Promoter or Related to Promoter or person occupying management position?
	2	Please provide details of Board Meeting
	3	Provide details of Periodically review of Compliance report
	5	Is Company having policy of Code of Conduct?
	6	Sitting fees paid to Non-Executive Director and Independent Director, Shareholder approval taken?
	7	Is minimum required information is placed before the Board of Directors (As per Part A of Schedule II ie. Corporate Governance)
	8	Is Compliance Certificate furnished by CEO and CFO?
	9	Company having risk management plan?
	10	Evaluation of Independent Director done by Board of Directors?
18	1	Audit Committee Constituted?, Provide details of Composition of Committee
	2	Audit Committee met atleast 4 times a year?
19	1	Nomination and Remuneration Committee Constituted?, Provide details of Composition of Committee
	2	Chairperson of Committee is Independent Director?
20	1	Stakeholders Relation Committee Constituted?, Provide details of Composition of Committee
	2	Chairperson of Committee is Independent Director?
21		Risk Management Committee Constituted?, Provide details of Composition of Committee
22		Vigil Mechanism Committee Constituted?, Provide details of Composition of Committee
23	1	Company having policy on materiality of related party transaction and on dealing with related party transaction?
	3	Any Omnibus Approval taken for related party transaction?, Provide validity of approval
	9	Disclosures of related party transactions	Half yearly	30 days from the date of publication of its standalone and consolidated financial results
24A		Company has Submitted Secretarial Compliance Report?	Annual	within 60 days of the end of the financial year
25	3	Meeting of Independent Directors held ?
26		Provide details of Directorship, members in Committees with designation
27		Company has submitted Corporate Governance Compliance Report?	Quarterly	Within 21 days of Quarter End
28		Any In-Principle approval taken from any stock exchange?
29	1	Prior Intimation given to Stock exchange about meeting of Board of Directors?
	2	(a) – Prior intimation of Board meeting for Financial Results, Atleast five days in advance (excluding the date of the intimation and date of the meeting)
		(b) to (f) – Prior intimation of Board meeting for Buyback, Dividend, Raising of Funds, Voluntary Delisting, Bonus, etc., Atleast two working days in advance, excluding the date of the intimation and date of the meeting
	3	Any alteration in the form or nature of any securities listed?
30	1	Company have made disclosures of material events or information to the exchange?
	4	Company having policy for determination of materiality of events?
	8	Coming having archival policy?
31	1	Company submitted shareholding pattern for each class of securities?	Quarterly	Within 21 days of Quarter End
	2	100% Shareholding of Promoter and Promoter group is in dematerialised form?
32	1	Company submitted statement on Deviation or variations?	Quarterly	Within 45 days from the end of the quarter
33	3	Regulation 33 (3) (a) – Financial Results along with Limited review report/Auditor’s report	Quarterly	Within 45 days from the end of the quarter
		Reconciliation of share capital audit report	Quarterly	Within 30 days from the end of the quarter.
		Regulation 33 (3) (d) – Financial Results along with Auditor’s Report	Annual	Within 60 days from the end of the financial year
34	1	Annual Report submitted to Exchange?	Annual	Not later than the day of commencement of dispatch to its shareholders.
40	10	Transfer or transmission or transposition of securities	Annual	Within 30 days from the end of the financial year
N.A		Initial Disclosure requirements for large entities	Annual	Within 30 days from the beginning of the FY
N.A		Annual Disclosure requirements for large entities	Annual	Within 45 days of the end of the Fy
46	2	Company having Whistle Blower Policy ?
N.A		Company having policy for remuneration of directors, KMP and other related employees?

–

SEBI(SAST) Regulation, 2011
Regulation	Sub-Regulation	Compliance Required	Type of Compliance	Time Limit	Submit to	Whether Complied Yes/No
29	1	Any acquirer who acquires shares or voting rights in a target company which taken together with shares or voting rights, if any, held by him and by persons acting in concert with him in such target company, aggregating to five per cent or more of the shares of such target company, shall disclose their aggregate shareholding and voting rights in such target company in such form as may be specified.	Event Based	within two working days of the receipt of intimation of allotment of shares, or the acquisition of shares or voting rights in the target company	1. every stock exchange where the shares of the target company are listed; 2. the target company at its registered office.
	2	)Any acquirer, who together with persons acting in concert with him, holds shares or voting rights entitling them to five per cent or more of the shares or voting rights in a target company, shall disclose every acquisition or disposal of shares of such target company representing two per cent or more of the shares or voting rights in such target company in such form as may be specified.	Event Based	within two working days of the receipt of intimation of allotment of shares, or the acquisition of shares or voting rights in the target company	1. every stock exchange where the shares of the target company are listed; 2. the target company at its registered office.
30	1	Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise twenty-five per cent or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may be specified.	Annual	within seven working days from the end of each financial year to;	1. every stock exchange where the shares of the target company are listed; 2. the target company at its registered office.
	2	The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may be specified.	Annual	within seven working days from the end of each financial year to;	1. every stock exchange where the shares of the target company are listed; 2. the target company at its registered office.

Author Bio

Name: CS Bina Darji

Qualification: CS

Company: Bina Darji & Co.,

Location: Mumbai, Maharashtra, India

Member Since: 02 Jul 2020 | Total Posts: 13

Bina Darji & Co. Provides various advisory services for Business Establishment and Corporate Compliances, etc. To build, enhance value for its clients and their stakeholders. We are specialized in providing high quality services. View Full Profile