Every
listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial
audit and shall annex with its annual report, a secretarial audit report, given
by a company secretary in practice, in such form as may be prescribed with effect from the year
ended March 31, 2019.
New Regulation
24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 introduced by SEBI.
Annual secretarial audit report:
Q 1. By whom?
Ans. By every listed entity and its unlisted material
subsidiaries.
Annual Secretarial Compliance Report:
· listed entities shall
additionally, on an annual basis, require a check by the PCS on compliance of
all applicable SEBI Regulations and circulars/ guidelines issued thereunder;
· The annual secretarial compliance report in the
aforesaid format shall be submitted by the listed entity to the stock exchanges
within 60 days of the end of the financial year.
Important Dates
Compliance
|
Due Date |
Explanation
|
Annual Secretarial Audit
Report
|
To form part of Annual Report of Listed
Company and its material subsidiary companies
|
Applicable from the Financial Year ending on
March 31, 2019
|
Annual Secretarial
Compliance Report
|
Within 60 days from the end of
Financial Year.
i.e. May 30th every year.
|
Applicable to listed entities, with effect
from the financial year ended March 31, 2019 onwards.
|
The format for the annual secretarial compliance report is provided here https://www.bseindia.com/downloads/whtsnew/file/1549621039496.pdf
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