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Periodic Compliances

  • Quarterly Compliance: The details of each class of Equity shares /Securities shall be submitted to the stock exchange on a quarterly basis within 21 days from the end of the quarter in the format prescribed. The time lines are as follows:-
Quarterly Compliance

Quarter

Due Date

January - March On or before 21st April
April - June On or before 21st July
July - September On or before 21st October
October - December On or before 21st January
  • Eventual Compliance The shareholding pattern in between the quarters is to be submitted to the stock exchange:
    • One day prior to listing of its securities on the Stock Exchanges.
    • Within 10 days of any capital restructuring of the company resulting in a change exceeding +/-2% of the total paid-up share capital
  • Annual listing fees is to be paid to the Stock Exchange on or before 30th April every year computed on the basis of capital as on 31st March.
  • To the Depositories- Annual Custodian fees is to be paid on or before 30th April every year.
  • Submission of Financial Results: - Quarterly and yearly financial results is to be submitted to the stock exchange in the manner provided:-
    • Unaudited Quarterly Result: - It has to be submitted alongwith the Limited Review Report within 45 days from the end of the quarter issued by the statutory auditors.
      Or
      Audited Quarterly Result: - It has to be submitted along with the Audit Report within 45 days from the end of the quarter.

      Results for the last quarter: - Audited financial results for the entire financial year is to be submitted to the stock exchange within sixty days of the end of the financial year. The audited financial results in respect of the last quarter is also required to be submitted along with the results for the entire financial year, with a note that the figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year in the format prescribed.

      However, when a company opts to submit un-audited financial results for the last quarter of the financial year, it shall, submit a statement of assets and liabilities as at the end of the financial year only along with the audited financial results for the entire financial year, as soon as they are approved by the Board.
  • Intimation of Board Meeting for the Financial Result
    Prior intimation of the date of the board meeting in which the financial results would be considered shall be given at least seven clear calendar days (excluding the date of the intimation and date of the meeting).
  • Publication of notice for the Board Meeting
    Public notice of board meeting for considering the financial results is to be issued in at least in one English daily newspaper circulating in the whole or substantially the whole of India and in one daily newspaper published in the language of the region, where the registered office of the company is situated.
  • Publication of financial results in newspapers
    Publish a copy of the financial results within 48 hours of conclusion of the Board or Committee meeting in:-
    • One English daily newspaper circulating in the whole or substantially the whole of India
    • One daily newspaper published in the language of the region, where the registered office of the company is situated.
    Provided that if the consolidated financial results has been submitted then it shall publish only “consolidated financial results alongwith the following items on a stand-alone basis, as a foot note:- (a) Turnover (b) Profit before tax (c) Profit after tax” in the newspapers subject to fulfillment of certain conditions as prescribed in the listing agreement. In case the Auditor qualifications have not been resolved then the Company will also have to publish the Auditor qualification, the reason therefore and the steps which the company intends to take in the matter.
  • Other Provisions
    • In case companies have subsidiaries, annual consolidated financial results is to be submitted alongwith the standalone financial results
    • Statement of assets and liabilities at the end of the half-year is to be submitted.
    • Quarterly or Annual segment information is to be submitted as part of financial result if there are more than one reportable primary segment in terms of Accounting Standard 17 (AS 17 – Segment Reporting) issued by ICAI / Company (Accounting Standards) Rules, 2006.
    • Other provisions with respect to financial result can be referred from the listing agreement available on www.msei.in

A statement indicating material deviations, if any, in the use of proceeds of a public or rights issue from the objects stated in the offer document has to be submitted to the Exchange on a quarterly basis.

A half yearly compliance certificate is to be submitted to the stock exchange obtained from Practicing Company Secretary in the format prescribed. The time lines for the same are as follows:-

Quarterly Compliance

Quarter

Due Date

January - March On or before 30th April
July - September On or before 30th October
  • Yearly Compliance
    There shall be a separate section on Corporate Governance in the Annual Report of Company, with a detailed Compliance Report on Corporate Governance. The Annual Report shall contain the following:-
    • A brief statement on company’s philosophy on code of governance
    • Details of the board of directors
    • Details of the Audit Committee
    • Details of the Remuneration Committee
    • Details of the Shareholders Committee
    • Details of General Meetings held in the last three years.
    • Other disclosures as prescribed.
    • Means of Communication.
    • General Shareholder information
  • Quarterly Compliance
    A quarterly compliance report is to be submitted to the stock exchange within 15 days from the close of quarter in the format prescribed. The report shall be signed either by the Compliance Officer or the Chief Executive Officer of the Company. The time lines for the same are as follows:-
Quarterly Compliance

Quarter

Due Date

January - March On or before 21st April
April - June On or before 21st July
July - September On or before 21st October
October - December On or before 21st January

A quarterly report on reconciliation of total admitted capital with depositories and total issued and listed capital for the previous quarter has to be submitted to the stock exchange within 30 days from the end of quarter in the format prescribed. The time lines for the same are as follows:-

Quarterly Compliance

Quarter

Due Date

January - March On or before 21st April
April - June On or before 21st July
July - September On or before 21st October
October - December On or before 21st January

Report on business responsibility shall form part of Annual report and the same has to be submitted to the stock exchange. It is applicable for top 100 companies based on market capitalization. It shall contain the following:-

  • General Information about the Company.
  • Financial Details of the Company.
  • Directors responsible for BR Business Reporting.
  • Principle-wise performance which contains nine principles.

Note: The above mentioned compliances are required to be complied on a periodic basis i.e. yearly, half yearly and quarterly.

Disclaimer: "The list of Event based and Periodic Compliances enumerated hereinabove are an indicative list (not an exhaustive list) of compliances for informative purpose only. The same has been prepared with a view to assist companies in fulfilling their compliance obligations under the Listing Agreement with reasonable efforts and care, however, the same should not be construed as final to do checklist. For more details, companies are advised to refer the Listing Agreement."

You may submit all your disclosures / submission to us at listingcompliance@msei.in or fax at 91 22 6726 9555

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