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Monday 31 May 2021

SEBI update on "Format of compliance report on Corporate Governance by Listed Entities"

 Format of compliance report on Corporate Governance by Listed Entities

 

Security Exchange Board of India (SEBI) vide SEBI Circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/567 dated May 31, 2021 has notified “Format of compliance report on Corporate Governance by Listed Entities” as per the provisions of Regulation 27(2) of SEBI (LODR) Regulations,  2015 (“Listing Regulations”) in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 101 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kindly note that a listed entity is required to submit a quarterly compliance report on corporate governance in the format specified by the Board from time to time to recognized Stock Exchange. And this circular supersedes the SEBI Circulars dated September 24, 2015 and July 16, 2019.

 Accordingly the format for compliance report on Corporate Governance shall be as under:

I.            Annex - I - on quarterly basis;

II.            Annex - II - at the end of a financial year

III.            Annex - III - at the end of 6 months from the close of financial year.

IV.            Annex - IV - on a half yearly basis (w.e.f. first half year of the FY 21-22)


Complete details and formats available at: 


Link: https://www.sebi.gov.in/legal/circulars/may-2021/format-of-compliance-report-on-corporate-governance-by-listed-entities_50338.html 

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information. In no event the authors shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.



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