Quarterly Compliance Checklist Under SEBI Regulations as of 30th September 2024

Effective compliance with SEBI regulations is crucial for companies to maintain transparency and adhere to regulatory mandates. This article provides a structured checklist of quarterly compliances for SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, DP Regulations, and PIT Regulations as applicable for the quarter ended on 30th September 2024.

1. Compliances under LODR, 2015

The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 lay down specific obligations for listed companies. Below is a summary of mandatory quarterly compliances:

• Regulation 13(3) – Statement of Investor Complaints (XBRL Format)

  • Due Date: 21st October 2024
  • Description: A statement showing the number of complaints pending, received, resolved, and those remaining unresolved for the quarter must be filed in XBRL format.

• Regulation 23(9) – Disclosure of Related Party Transactions (XBRL Format)

  • Due Date: On or before the Board Meeting date of results.
  • Description: Half-yearly disclosure of related party transactions in XBRL format.

• Regulation 27(2) – Quarterly Corporate Governance Report (XBRL Format)

  • Due Date: 21st October 2024
  • Description: Quarterly compliance report on corporate governance practices must be submitted in the prescribed format.

• Regulation 29(2) – Board Meeting Intimation (PDF and XBRL Format)

  • Due Date: 11th November 2024
  • Description: Advance notice to the Stock Exchange regarding the Board Meeting in PDF and XBRL formats.

• Regulation 31 – Shareholding Pattern (XBRL Format)

  • Due Date: 21st October 2024
  • Description: Quarterly submission of the shareholding pattern of the company.

• Regulation 32 – Statement on Deviation or Variation of Funds (PDF and XBRL Format)

  • Due Date: 14th November 2024
  • Description: Report any deviation or variation in the use of proceeds from public, rights, or preferential issues.

• Regulation 33 – Financial Results (PDF, Limited Review Report, and XBRL Format)

  • Due Date: 14th November 2024
  • Description: Submission of financial results along with the Limited Review Report and XBRL version.

• Regulation 46 – Website Update

  • Due Date: Within two working days from any content change.
  • Description: The website must be updated with specific information such as shareholding patterns, corporate governance reports, and disclosures in a timely manner.

• Regulation 47 – Newspaper Publication of Results

  • Due Date: Within 48 hours from the results declaration.
  • Description: Publication of financial results in one English and one vernacular newspaper within 48 hours of approval.

2. Compliances under DP Regulations

Depository Participants (DPs) and companies must comply with SEBI (Depositories and Participants) Regulations, which entail specific quarterly and annual requirements.

• Regulation 74(5) – RTA Certificate

  • Due Date: 15th November 2024
  • Description: Submission of a certificate from the Registrar and Share Transfer Agent (RTA) confirming that securities have been duly dematerialized or re-materialized during the quarter.

• Regulation 76 – Reconciliation of Share Capital Audit (PDF and XBRL Format)

  • Due Date: 30th October 2024
  • Description: Submission of a reconciliation of share capital audit report in PDF and XBRL formats to ensure that the issued capital matches the capital held in dematerialized and physical form.

3. Compliances under PIT Regulations

The SEBI (Prohibition of Insider Trading) Regulations, 2015 aim to curb insider trading and promote fair practices within the securities market.

• SDD Compliance Certificate
• Due Date: 21st October 2024
• Description: Compliance certificate for Structured Digital Database (SDD) is not mandatory if the Secretarial Compliance Report has been submitted for the financial year.

Disclaimer

The information contained in this article is based on current provisions and regulations as of 30th September 2024. While efforts have been made to ensure the accuracy and reliability of the content, users are advised to refer to the respective regulations for any changes or amendments. This document should not be construed as legal advice, and no liability is accepted for any consequences arising from its use.

- From the desk of CS Sharath