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

Circular for implementation of recommendations of the Expert Committee for facilitating ease of doing business for listed entities

31-Dec-2024 | SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185

SEBI has issued a circular for the implementation of recommendations of the Expert Committee for facilitating ease of doing business for listed entities, effective from 31st December 2024. Key highlights- 1. Integrated filling in terms of Regulation 10A has been introduced for various provisions, some of them are Statement on redressal of investor grievances (Regulation 13(3)), Compliance Report on Corporate Governance (Regulation 27(2)(a)), Disclosure of Related Party Transactions (RPTs) (Regulation 23(9)) etc. 2. Further, the timelines for quarterly integrated timelines are also notified. 3. Disclosure of the following material events / information in Quarterly Integrated Filing (Governance)- a. Acquisition of shares or voting rights by listed entities in an unlisted company, aggregating to 5% or any subsequent change in holding exceeding 2% in terms of the provisions of Para A(1) of Part A of Schedule III of LODR. b. Imposition of fines or penalty which are lower than the monetary thresholds specified under Para A(20) of Part A of Schedule III of LODR. c. Updates on ongoing tax litigations or disputes in terms of the provisions of Para B(8) of Part A of Schedule III of LODR read with the corresponding provisions of Annexure 18 of the Master Circular. 4. List of disqualifications for appointment or continuation of Secretarial Auditor in terms of Regulation 24A(1A) are specified in Annexure 2 of the circular. Please refer to the attached document for more information.

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