SEBI has greatly simplified compliance for listed companies. Following an expert committee’s recommendation, SEBI introduced the Integrated Filing System under the 2015 LODR regulations. It aims to boost transparency and simultaneously ease the compliance burden on businesses.
Integrated governance and financial reports are mandatory for listed entities under the revised system. Corporate governance reports, financial results, related party transaction disclosures, and other compliance requirements will be included in this combined filing.
The timelines for filing in the new system are as follows: Governance-related filings: The filings under this category are required to be submitted within 30 days at the end of each quarter.Financial filings are due within 45 days for all quarters except the last, where the deadline is 60 days from the financial year-end.
SEBI has introduced quarterly reporting of acquisitions, levy of penalties, and pending tax litigations. These new requirements are meant to provide stronger and more timely disclosures to stock exchanges and investors.
Tighter standards have been established for secretarial auditors. Auditors must have appropriate qualifications and cannot have any conflicting interests. Further, they are prohibited from rendering specific services like internal audit or compliance management to remain impartial.
The listed companies have to provide documents of the employee benefit scheme, except sensitive competitive information. The redacted information has to be approved by the board of directors to remain fair and transparent.
Master Circular Reforms: SEBI has incorporated these changes in its Master Circular. Older forms of compliance have been discontinued and replaced with updated forms in line with the integrated filing system. This integrated system will streamline the compliance process for listed companies.
Also read: Markets Decline Marginally: Sensex Ends at INR 78,139, Adani Stocks Drag Indices Lower
Published on: January 1, 2025 at 8.30 PM GMT.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Tomorrow 2nd January is celebrated as World Introvert Day!
As stated in Bhagavad Gita : (Bhagavad Gita 5.18)
विद्या विनय सम्पन्ने ब्रह्मणि गवि हस्तिनि।
In the presence of knowledge, the learned see all beings equally, whether they are a learned Brahmin, a cow, an elephant, or a dog.
CBSE Recruitment 2025:
The Central Board of Secondary Education (CBSE) has announced 212 vacancies for Superintendent and Junior Assistant posts. The recruitment notification was released on January 1, 2025, and interested candidates can apply through the official CBSE website.
