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SEBI issues revised format for compliance report on corporate governance by listed entities

SEBI issues revised format for compliance report

Regulation 27(2) of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations...

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Regulation 27(2) of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) requires every equity listed entity to submit a quarterly compliance report on corporate governance (report) to the recognised stock exchange(s) within 15 days from the close of the quarter in the format specified by SEBI. Accordingly, SEBI through its circular dated 24 September 2015 specified the formats for the report to be submitted:

  • On a quarterly basis
  • At the end of Financial Year (FY) (for the whole of FY)
  • At the end of six months after the end of FY. This may be submitted along with second quarter report.

On 16 July 2019, SEBI issued revised formats for compliance report on corporate governance. The modifications to the formats have been made on the basis of the recent changes made to the Listing Regulations pursuant to Kotak Committee and other amendments.

The revised formats are effective from the quarter ending 30 September 2019.

This issue of First Notes provides an overview of the modified formats issued by SEBI.

To access the text of the SEBI circular, please click here.

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