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Let’s Compare ongoing compliances of SEBI (LODR) Regulations, 2015 and Equity Listing Agreement

Regulation under SEBI (LODR) Regulations, 2015 Particulars Provision under SEBI (LODR) Regulations, 2015 Provision under Equity Listing Agreement Change
Reg 7 (3) Compliance Certificate Compliance Certificate signed by both Compliance Officer and authorised representative of share transfer agent, has to be submitted to the stock exchange within one month of closure of each half of the Financial Year There was no such provision New requirement
Reg 13 (3) Statement of Investor Complaints     Statement of Investor Complaints has to be submitted to the stock exchange within 21 days from the end of every quarter.   There was no separate provision for quarterly submission of such report. However, disclosure was included in Clause 41 i.e., submission of financial results New requirement
Reg 27 (2) Corporate Governance Report Corporate Governance Report has to be submitted to the stock exchange within 15 days from closure of each quarter Note: It shall not apply, in respect of (a) the listed entity having paid up equity share capital not exceeding Rs. 10.00 crore and net worth not exceeding Rs. 25.00 crore, as on the last day of the previous financial year. (b) Listed entity which has listed its specified securities on the SME Exchange. No change in the provision --
Reg 29 (2) Intimation of Board  Meeting for approving Financial Results 5(five) working days prior to Board Meeting (excluding the date of the intimation and date of the meeting)   7(seven) clear calendar days prior to the meeting (excluding the date of the intimation and date of the meeting) Number of days required for intimation decreased from 7 (seven) to 5 (five)
Reg 30 Outcome of Board Meeting Outcome of the board meeting has to be submitted to the stock exchange within 30 minutes of the closure of the meeting   Within 15 minutes of the closure of the Board Meeting Time limit for submission of outcome of the meeting has been increased to 30 minutes.
Reg 31(1)(b) Shareholding Pattern Shareholding Pattern has to be submitted to the stock exchange within 21 days of the end of each quarter No change in the provision --
Reg 33(3) Un-financial Results Financial results have to be submitted to the stock exchange within 45 days of the end of each quarter (other than last quarter). In case the Company is having subsidiary companies, it has to submit both stand alone and consolidated financial results. No change in the provision --
Audited Financial Results Audited financial results have to be submitted to the stock exchange within 60 days of the end of the financial year along with the audit report. In case the Company is having subsidiary companies, it has to submit both stand alone and consolidated financial results. No change in the provision --
Reg 34(1) Annual Report Annual Report has to be submitted to the stock exchange within 21 working days of its Annual General Meeting Six copies of the Statutory and Directors’ Reports along with Form A/Form B, Balance Sheets and Profit and Loss Accounts and of all periodical and special reports have to be submitted to stock exchange as soon as they are issued. Now annual report is required to be given within 21 working days of it being approved and adopted in the AGM. No need to send 6 (six) copies.
Reg 40 (9) Certificate from PCS A Certificate from Practicing Company Secretary has to be submitted to the stock exchange within 1 (one) month of end of each half of the Financial Year   No change in the provision --
Reg 42(2) Intimation for record date or Closure date for Transfer Books At least 7 Working days in advance (excluding the date of intimation and the record date)     No change in the provision --
Reg 44(3) Submission of Voting  Results Voting results shall be submitted within 48 hours of conclusion of Annual General Meeting   No change in the provision --
Reg 46 Updating of Website Within 2 working days of such change   Contents of the website are required to be updated at any given point of time Now, specific time of 2 working days is prescribed to update changes in contents of website
Reg 47(3)   Advertisement of Notice of board meeting where financial results have to be discussed Simultaneously at time sending notice to stock exchange   No change in the provision --
Publication of Financial results in News Papers Within 48 hours of conclusion of board meeting   No change in the provision --

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