DCS/COMP/11/2015-16 September 24, 2015
Dear Sir/Madam,
Sub: Format for compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities
Securities and Exchange Board of India (SEBI) has issued Circular CIR/CFD/CMD/05/2015 dated September 24, 2015 regarding the captioned matter.
Accordingly, formats for Compliance Report on Corporate Governance as per the Annexures I, II and III to this circular are being prescribed:-
Annexure - I - on quarterly basis;
Annexure - II - at the end of the financial year (for the whole of financial year);
Annexure - III - within six months from end of financial year. This may be submitted alongwith second quarter report.
Additionally, the following reports shall also be placed before the board of directors of the listed entity in terms of requirement under Regulation 17(3) of Listing Regulations :-
a) Compliance Reports mentioned above;
b) Secretarial Audit Report prepared in accordance with Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 under Section 204 of the Companies Act, 2013 in so far as it pertains to Securities Laws.
The above report shall be placed before the board of directors of the listed entity in its next meeting.
This circular shall come into force with effect from 90 days of notifications of Listing Regulations i.e. September 02, 2015.
Listed Companies are required to take note of the same and comply accordingly.
Netra Sahani Abhijit Pai
DGM - Listing Compliance AGM – Listing Compliance
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