- Listed Companies are required to send the intimation to all shareholders holding shares in physical form informing them that they can resolve their disputes against RTA/ Company by filling for arbitration with the stock exchange.
- The intimation can be sent through SMS /Emails.
- The draft of the intimation is provided in the SEBI letter dated January 27th 2023.
- The intimation must be sent by Listed Entities by February 20, 2023.
- Further RTA’s to submit an ATR to SEBI by February 27, 2023.
- Format of the ATR must be as provided in the SEBI letter dated January 27th 2023.
- BSE has introduced the facility for filings of certain announcements in XBRL format.
- The said fillings are related to disclosures under REG 29 & REG 30 of SEBI (LODR) Regulations, 2015.
- Following Announcements are to be made in XBRL Format:
- Prior Intimation of the Board Meeting. (under REG 29)
- Change in directors, KMP, Auditor, Compliance Officer & Share transfer agent. (under REG 30)
- Outcome of Board Meeting for the following (under REG 30)
- Dividend
- Buyback
- Bonus Issue
- Decision on voluntary delisting by the listed entity.
- Acquisitions including – agreement to acquire, Scheme of Arrangement (amalgamation/ merger/ demerger/restructuring),/ sale/disposal of any units, / subsidiary of the listed entity/ other restructuring. (under REG 30)
- BSE on November 04, 2022, issued a notification regarding Corrigendum on the circulars dated October 28, 2022. Under the “Get Quote” page of the BSE Website of the Listed Entity, would display that the company is non-compliant with SDD, from the next trading day till BSE has satisfactorily verified that the company has completely complied.
- BSE via this circular has further Clarified that in addition to above, the name of the compliance officer will also be displayed on the “Get Quote” page of the Exchange website where the above information is disseminated.
- Corporate governance norms will be applicable on SEBI-registered InvITs and ReITs from 1st April 2023
- The definition of ‘senior management’ now includes ‘Functional Heads’ of the listed entities as well. All compliances mentioned under SEBI LODR Regulations for senior management would now has to be followed by the Functional Heads of the organizations as well.
- Approval of shareholders would be required within 3 months both in cases of appointment and re-appointment of a director/ manager.
- Public sector companies can now obtain shareholders’ approval at the next general meeting
- The details of material subsidiaries like the date and place of incorporation and the name and date of appointment of the statutory auditors should be disclosed in the annual report by the listed companies. This is applicable for Annual Reports prepared for FY 22-23 & onwards.
- Extension of the relaxation provided for the requirement of sending hard copy of Annual report, up to September 30, 2023.
- However the listed entities must –
- Provide physical copies of Annual Report whenever requested by the shareholders.
- Notice of the AGM published in newspaper must contain the details of web link – the shareholders can access complete Annual Report electronically.
- Earlier SEBI via circular dated May 13th 2022 had extended the relaxation for sending the hard copy of Annual Report, up to December 31, 2022.