Compliance for listed entities as per SEBI (LODR) Regulations, 2015

Every listed entity is obliged to make certain disclosures as per the applicable rules and regulations of the market regulator, SEBI. These can be classified as Quarterly, Half-Yearly, and Annual Compliances; some of the major ones are given below:

Annual Compliance:-

Compliance certificate duly signed by the compliance officer of listed entity and the authorized representative of the appointed share transfer agent shall be submitted within 1 month from the close of each half of the financial year.

The annual report approved at the annual general meeting shall be submitted to the stock exchange within twenty-one working days of such meeting.

Quarterly Compliance:-

A statement giving the account of investor complaints pending at the beginning of the quarter, complaints received during the quarter, complaints disposed of during the quarter, and complaints remaining unsolved shall be filed within 21 days from the quarter end. 

A quarterly corporate governance report shall be submitted within 15 days from the quarter end. The entities with a net worth exceeding 25 crores or paid up equity capital more than 10 Crores is obliged to this regulation.

A statement showing the shareholding pattern for each class of securities is to be submitted from time to time in the specified format. First one day prior to listing on the stock exchange, then within 21 days from the end of each quarter, and within 10 days of a capital restructuring exercise exceeding 2% of total paid-up share capital.

Every listed entity shall submit financial results and limited review report within 45 days from the quarter end and financial results along with the audit report within 60 days from the end of financial year to the stock exchange.

Reconciliation of share capital report audited by a practicing CS or chartered accountant shall be submitted within 30 days from the end of each quarter.

In addition, the company is obliged to intimate the stock exchange about Board meetings considering the prescribed matters and also disclose the outcome of such meetings to the Exchange(s) where it is listed.

Valuation of listed Company is also under obligation to report to stock exchange every such activity or event which may have any impact on the business/ income/ assets and management of Company including fire/ strike/ arrest/ accident etc. immediately on the happening of such event.

To help with these and any other regulations, SEBI consultants provide the support with their knowledge and experience. CCV is a leading consultant for SEBI compliances in New Delhi; assisting clients in maintaining a successful presence in the Capital Markets.

Conclusion: Listed entities need to maintain numerous compliances, as per the regulations of SEBI to remain listed on stock exchange(s).