Particulars
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OLD CLAUSE | NEW REGULATION | CHANGES | ||
OLD LISTING AGREEMENT | NEW LISTING REGULATION | ||||
Outcome of Board Meeting | 20(a)to(c) | Schedule III, Part A, Para A (4)(a)to(g) | Intimate to the Stock Exchange (SE) within 15 minutes of the closure of the Board Meeting (BM) | Disclose to the SE, within 30 minutes of the closure of the BM | Disclosure to be given within 30 minutes of the BM |
Submission of Financial results | 41(1)(f) | Schedule III, Part A, Para A (4)(h) | The financial results shall be submitted to the SE within 15 minutes of conclusion of the meeting of the Board in which they were approved. | Disclose to the SE, within 30 minutes of the closure of BM, held to consider the financial results. | Disclosure to be given within 30 minutes of the BM |
Prior Intimation of Board Meeting | 41(III)(a) | 29(1)(a) & proviso to 29(2) | Give prior intimation to SE of the date and purpose of meetings of the Board or Committee in which the financial results will be considered at least 7 clear calendar days prior to the meeting (excluding the date of the intimation and date of the meeting). | Give prior intimation to SE about the BM in which financial results viz. quarterly, half yearly, or annual, as the case may be, is due to be considered at least 5 days in advance (excluding the date of the intimation and date of the meeting). | 5 days’ prior notice is required instead of 7 days
*Calendar day word has been omitted |
Transfer & Transmission | 3(c) | 40(3) | Transfer or transmission of securities and issue certificates within 15 days from the date of such receipt of request for transfer. | Transfer of securities and issue certificates within 15 days from the date of such receipt of request for transfer.
Provided that the listed entity shall ensure that transmission requests are processed for securities held in dematerialized mode and physical mode within 7 days and 21 days respectively, after receipt of the specified documents. |
Separated the timing of processes for executing transmission request.
For Transmission: Demat form-7days & Physical Mode-21days |
Submission of Annual Report | 31(a) | 34(1) | Forward to the SE promptly and without application six copies of the Statutory and Directors’ Reports along with Form A or Form B, as applicable, Balance Sheets and Profit and Loss Accounts and of all periodical and special reports as soon as they are issued where it is listed and one copy each to all the recognized SE in India. | Submit the annual report to the SE within 21 working days of it being approved and adopted in the AGM as per the provisions of the Companies Act, 2013. | · No need to send 6 copies of annual report
· Now annual report is required to be given within 21 working days of it being approved and adopted in the AGM. |
Outcome of General Meeting | 31(d) | Schedule III, Part A, Para A (13) | Forward to the SE promptly and without application copy of the proceedings at all annual and extraordinary general meetings of the Company. | Disclose to the SE proceedings of annual and extraordinary general meetings within 24 hours. | Time limit of 24 hours is inserted |
Compliance Certificate | 49(IX) | 17(8) and Schedule II, Part B | The CEO or the MD or manager or in their absence, a WTD appointed in terms of Companies Act, 2013 and the CFO shall provide the compliance certificate to the Board of Directors. | The CEO and the CFO shall provide the compliance certificate to the Board of Directors. | “MD or manager or in their absence, a WTD” have been deleted |