21/10/2024
Summary of the BSE and NSE Circulars dated 18/10/2024
These circulars are integrated in our free-to-use website ca2013.com.
BSE and NSE notify the Standard Operating Process(“SOP”) for Structured Digital Database (“SDD”) under the SEBI (PIT) Regulations, 2015
The above-mentioned circulars state the following SOP for listed entities and those which are proposed to be listed for maintenance of SDD as per the SEBI (PIT) Regulations, 2015:
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A confirmation by listed entities on the Compliance status of SDD in the Annual Secretarial Compliance report, as applicable.
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The entities on which the requirement of Secretarial Compliance Report is not applicable and are compliant with the SDD requirement shall submit a SDD Compliance Certificate certified by Practicing Company Secretary (“PCS”) within 60 days of the end of the financial year in the path mentioned in the said Circular.In case of non-compliant companies, a quarterly compliance certificate certified by a PCS shall be submitted till the time the Company complies with it.
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Proposed to be/ newly listed companies shall submit a Certificate issued by a PCS stating compliance with the maintenance and preservation requirements of SDD.
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Following actions with be taken against non-compliant Companies within 30 days from the due date of submission of report/certificate:a. The ‘Get Quote’ page would display that the entity is non-compliant with SDD along with the name of the compliance officer, till the time company is compliant.b. No further listing approval will be provided except bonus and split.c. The Company may be asked to place the matter to their Board and provide their comments.
- Suspended non-compliant Companies: The suspension will be revoked only when the confirmation of compliance status is provided by the Company in the prescribed format certified by the PCS.
Click here to view the BSE Circular.
Click here to view the NSE Circular.
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