Dear Sir\Madam,
Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/CFD/CMD-2/P/CIR/2021/567 dated May 31, 2021 regarding format of compliance report on Corporate Governance by Listed Entities.
The format for compliance report on Corporate Governance by listed entities has been specified, as per the following annexures, vide Circular No. CIR/CFD/CMD/5/2015 dated September 24, 2015 and modified vide Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/78 dated July 16, 2019.
In order to bring about transparency and to strengthen the disclosures around loans/ guarantees/comfort letters/ security provided by the listed entity, directly or indirectly to promoter/ promoter group entities or any other entity controlled by them, it has been decided to mandate such disclosures on a half yearly basis, in the Compliance Report on Corporate Governance. The format of disclosure in this regard is specified vide Annex - IV of the said report and shall be effective from financial year 2021-22.
Accordingly, the format for compliance report on Corporate Governance shall be as under:
· Annex I - on quarterly basis.
· Annex II - at the end of a financial year
· Annex III - at the end of 6 months from the close of financial year.
· Annex IV - on a half yearly basis (w.e.f. first half year of the FY 21-22)
This circular supersedes the aforementioned SEBI Circulars dated September 24, 2015 and July 16, 2019.
The aforesaid SEBI circular is attached for reference.
All Listed companies are requested to take note and comply accordingly.
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Abhijit Pai
Dy. General Manager
Listing Compliance
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Shyam Bhagirath
Manager
Listing Compliance
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May 31, 2021
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