Quarterly / Half Yearly / Annual Compliances under SEBI Listing Regulations 2015 (LODR)
Securities and Exchange Board of India (SEBI) on 2nd September 2015 issued the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 for listed entities. The Listed entities whose securities are listed on the Stock Exchanges has to comply and follow the compliances according to SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 within the time line prescribed there under otherwise entities has to suffer from the penalty, freezing of promoters shareholdings and suspension of trading on the Stock Exchanges.
With respect to compliances for listed entities, the SEBI (LODR) Regulations, 2015 has been divided into two parts which are as follow:
1. Substantive Provisions (Regulations)
2. procedural requirements (Schedules)
There is a brief note on the Compliances, which needs to be complied under SEBI(LODR) Regulations:
Quarterly / Half Yearly / Annual Compliances under SEBI Listing Regulations 2015 (LODR)
| S. No. | Particulars | Timelines |
| Quarterly Compliances | ||
| 1. | Regulation 27 (2) – Corporate Governance. | Within 15 days from quarter end. |
| 2. | Regulation 13 (3) – Statement of Investor complaints. | Within Twenty one days from the end of each quarter. |
| 3. | Regulation 31 – Shareholding Pattern. | Within 21 days from quarter end. |
| 4. | Regulation 33 – Financial Results. | Within 45 days from quarter end. And in case of Annual Financial Result, within 60 days from end of Financial Year. |
| 5. | Reconciliation of Share Capital Audit. (SEBI- DP Reg.55A) |
Within 30 days from quarter end. |
| Half year Compliances | ||
| 6. | Regulation 7 (3) – Compliance Certificate certifying maintaining physical & electronic transfer facility | Within one month of end of each half of the financial year. |
| 7. | Regulation 40 (9) – Certificate from Practicing Company Secretary. |
Within one month of the end of each half of the financial year. |
| 8. | Regulation 23(9) Submission of disclosure on Related party transactions under | The listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges. |
| Yearly Compliances/Event Base Compliances | ||
| 9. | Regulation 34 –Annual Report | Within twenty one working days of it being approved and adopted in the annual general meeting. |
| 10. | Regulation 44 – Voting Result. | The listed entity shall submit to the stock exchange, within forty eight hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board. |
| 11. | Regulation 43 – Declaration of Dividend.
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The Company has to declare and disclose the dividend on per share basis only. |
| 12. | Regulation 42 – Notice for Record Date Corporate Action. | The Company must ensure that there is a gap of at least 30 days between 2 book closure and/or record date. The Company shall give an advance notice of at least 7 working days (Excluding the date of the intimation and record date/book closure start date) to the Stock Exchange for corporate actions (Book closure/Record date) fixed for the purpose of corporate benefits like mergers, de-mergers, split , bonus, dividend, rights etc. The listed entity shall recommend or declare all dividend and/or cash bonuses at least five working days (excluding the date of intimation and the record date) before the record date fixed for the purpose. |
| 13. | Regulation 30 – Outcome of Board Meeting (Schedule III Part A- (4). | The listed entity shall disclose the information to the Exchange(s), within 30 minutes of the closure of the meeting. |
| 14. | Regulation 29 – Notice for Board Meeting to consider the prescribed matters. | The Company shall give an advance notice of at least 5 days for Financial Result as per regulation 29 1 (a) & in case of other matters as stated in regulation 29 1 (b) to (f) – 2 Working days in advance (Excluding the date of the intimation and date of the meeting) to Stock Exchange. The Company shall give an advance notice of 11 working days in case matter related to alteration in i) Securities ;ii) date of interest or redemption of Debenture/bond as per regulation 29(3) (a) ,(b). |
Apart of above, the listed entity has to pay listing fees of securities to the Stock exchanges on the basis of share capital of the Company.
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Author – CS Teena Rani, Practicing Company Secretary in Delhi and provides services including Start-ups, Secretarial, Legal, Audit, GST, Book keeping and other ancillary advisory service and can be reached at email id:- csteenarani@gmail.com or +91 8448030979 and 8800369927]
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