Thursday, February 21, 2019

Format for annual secretarial audit report and annual secretarial compliance report.


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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