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

Manual on Structured Digital Database (SDD) Compliance Certification

01-Aug-2023 | NA

The Institute of Company Secretaries of India (ICSI) has issued a Manual on Structured Digital Database (SDD) Compliance Certification for Company Secretaries professionals. This publication aims to sensitize professionals about the process of certifying compliance related to SDD and covers various aspects of SDD. Who is required to maintain SDD: According to the perspective of ICSI, SDD needs to be maintained by the following entities: 1. Listed Entities: These are entities with securities listed or proposed to be listed on recognized stock exchanges, including but not limited to: Equity shares, Debt securities such as Non-Convertible Debentures and Non-Convertible Redeemable Preference Shares, Securitized Debt Instruments, Units of Real Estate Investment Trusts (REITs), Units of Infrastructure Investment Trusts (InvITs), Depository Receipts (GDRs and ADRs), Derivative instruments, Units of Alternative Investment Fund, Units of a Mutual Fund (as and when notified by SEBI following recommendations by its Board) Any other instrument/security prescribed by the regulator from time to time. 2. Intermediaries Registered with SEBI: This category includes various intermediaries defined under the SEBI (Intermediaries) Regulations, 2008, or Section 11(2) of the SEBI Act, 1992. It encompasses entities such as Merchant Bankers, Stockbrokers, Registrars and Share Transfer Agents Recognized Stock Exchanges, Clearing Corporations, Custodians, Depository and Depository Participants, Debenture Trustees etc. 3. Persons handling UPSI: Fiduciaries such as auditors, accountancy firms, law firms, analysts, insolvency professional entities, consultants, banks, assisting or advising listed companies, any other person who is required to handle UPSI etc. The Manual seeks to guide professionals through these requirements and responsibilities related to maintaining SDD for effective compliance.

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