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LODR Compliance

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A brief overview of SEBI (Listing Obligation and Disclosure Requirement Regulation) 2015

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LODR Compliance

  1. 1. SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015
  2. 2. Corporate Governance Report (Regulation 27(2)(a) If not applicable then Report On Non- Applicability shall be filed Shall be filed within 15 Days of closure of Quarter Applicable Only on those Listed Companies which fulfills both of following conditions: Paid –up Share capital More then Rs.10 Cr Net worth more then Rs. 25 Cr or more
  3. 3. Regulation 13(3) Last Date- 21st April 2016 Statement Grievance Redressal
  4. 4. Intimation about Board Meeting at which financial results will be discussed Financial Results with LRR OR Audit report, form A or Form B Reference of website of listed entity along with STX shall be given in Advt. Advt. shall be published one in English language paper, one in regional language where registered office of co. is situated Regulation 47 is not applicable to companies listed on SME exchange
  5. 5. Regulation 14 Payment of Listing Fees For period of April-March till 30th April of Next F.Y Rs. 2 Lakhs for Listed Capital of up-to 150 Cr
  6. 6. REGULATION 30 Regulation 30 (1)- Every person along with PAC, holding shares or voting right entitling them to exercise 25% of the voting right , shall disclose his shareholding or voting right.  Such disclosure shall be made by every person along with their PACs` in such form as my be prescribed by Board.  Time Period: Such disclosure shall be made with-in 7 Working Days from the end of each financial year  FOR EXAMPLE: Lets suppose ABC Limited a company whose equity shares are listed on BSE limited . Mr. Anil holds 18% shares having 18% voting right along with his wife Sunita , who holds 10% shares having same voting rights, weather they have any obligation under said regulation? In this case Both Anil and Sunita shall disclose there shareholding individually to BSE Limited and to the Company with-in 7 working days of closure of each financial year.
  7. 7. Regulation 30(2): Every Promoter shall disclose aggregate of his or her shareholding along with PAC, to the Company and stock exchange where securities' of the company are listed irrespective of there amount or numbers of shareholding.  Such disclosure shall be made by every promoter along with their PACs` in such form as my be prescribed by Board.  Such shareholding shall be disclosed with-in 7 working days from the end of each financial year. Lets understand regulation 30(2) with an example:  ABC Limited a company whose equity shares are listed on BSE limited having 4 (four) promoters each of them holding 10% holding of the Company, since they are promoter each of them shall disclose there shareholding to the company and stock exchange with- in 7 working days from the end of each financial year. REGULATION 30

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