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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE notifies regarding submission of action taken report for non- non-compliances reported in the internal audit report

02-Dec-2025 | 20251202-5

BSE has notified regarding the submission of the action taken report for non-compliances reported in the internal audit report.

Key Highlights:
- Trading Members shall be required to close all non-compliances reported in the internal audit report within 2 months from the end of due date of submission of the Internal Audit Report, i.e. due date for submission of the Action Taken Report for the Internal Audit Period ended March 31 and September 30 shall be July 31 and January 31, respectively.
- Action Taken Report shall be certified by the empanelled Internal Auditor of the Trading Member, confirming the status of compliance and shall cover at least a period of one month for sample verification.
- Action Taken Reports shall be submitted electronically through the BEFS (BSE Electronic Filing System) under the Internal Audit Report Module.
- In case the observations are not closed in the Action Taken Report or the Action Taken Report has not been submitted within the due date, prescribed monetary penalty/disciplinary actions shall be initiated in accordance with Exchange notice no. 20251010-20 dated October 10, 2025, or such other penalty circulars issued by the Exchange from time to time.

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