Annual Compliance Calendar 2020:
Introduction:
At the end of each financial year, there various e-forms, returns, reports, statements are required to be filled and other compliances to be undertaken by a listed/unlisted companies, pursuant to the rules, regulations, circulars, notifications, orders issued by:
- Ministry of Corporate Affairs (MCA)
- Securities and Exchange Board of India (SEBI)
And, as we know COVID-19 being declared a pandemic disease, due to this various companies facing difficulties in complying with the provisions of Companies Act, Securities and Exchange Board of India (SEBI), Ministry of Corporate Affairs (MCA) compliances due to disruptions in their operations. Due to widely spread of virus in India, various relaxations issued by regulators pursuant to disruptions caused due to COVID-19 outbreak.
| Sr. No | Provision | Particulars | Due Date | Relaxation
Due to COVID-19 |
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| Annual Compliance Calendar 2020 Companies Act, 2013 | ||||||||||||
| 1. | Specified Companies (Furnishing of Information about payment to micro and small enterprise suppliers) Order, 2019 | Every Company which receives its supplies of goods and services from micro/ small enterprises and whose payments to micro and small enterprises suppliers exceeds 45 days from the date of acceptance or the date of deemed acceptance of goods or services, shall submit a half yearly return to Ministry of Corporate Affairs. | April 2020 | 30, | – | |||||||
| 2. | Rule 1(3) & 16 of Companies (Acceptance of Deposits) Rules, 2014 | Every Company other than a banking company, NBFC as defined in RBI Act, a housing finance company registered with the National Housing Bank, a company specified by the Central Government u/s 73(1) of the Act., shall on before June 30, of every year submit a return to the registrar in form DPT-3 along with fee as may be prescribed. | June 2020 | 30, | ||||||||
| Annual Compliance Calendar 2020 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 | ||||||||||||
| 3. | Reg. 7(3)
Share Transfer Agent |
The listed entity shall submit a compliance
certificate to the exchange, duly signed by |
April
2020 |
30, | May 31, 2020 | |||||||
| both the compliance officer of the listed entity and the authorized representative of the share transfer agent, wherever applicable i.e. The listed entity shall ensure that all activities in relation to share transfer facility are maintained either in house or by Registrar to an issue and share transfer agent registered with the Board. | ||||||||||||
| 4. | Reg. 13(3)
Grievance Redressal Mechanism. |
A listed entity is required is required to submit with a recognized stock exchange(s), a statement giving the numbers of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of
during the quarter and those remaining unresolved at the end of the quarter. |
April 2020 | 21, | May 15, 2020 | |||||||
| 5. | Reg. 23(9)
Related Party Transactions |
The listed entity shall submit its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges and publish the same on its website. | Within 30
days of publication of financial results |
– | ||||||||
| 6. | Reg. 24A
Secretarial Report & SEBI circular dated February 08, 2019 |
Every Listed entity and its material subsidiaries incorporated in India shall undertake secretarial audit. Report of the Secretarial audit shall be submitted with
the stock exchange within 60 days from the end of FY. |
May 2020 | 30, | June 30, 2020 | |||||||
| 7. | Reg. 27(2)
Other corporate governance requirements. |
(a)Equity listed committee shall submit on quarterly basis a corporate governance report with the stock exchange.
(b) Details of all material transactions with related parties shall be disclosed along with the report. (c) The report shall be signed either by the compliance officer or the chief executive officer of the listed entity. |
April 2020 | 15, | May 15, 2020 | |||||||
| 8. | Reg. 31
Holding of specified securities and shareholding pattern. |
Equity listed companies are required to furnish with stock exchange on quarterly basis a statement showing holding of securities and shareholding pattern separately for each class of securities. | April 2020 | 21, | May 15, 2020 | |||||||
| 9. | Reg. 33
Financial results. |
Financial results for the FY ended are required to be submitted within 60 days
from the end of FY. |
May 2020 | 30, | June 30, 2020 | |||||||
| 10. | Reg. 40(9)
Transfer or transmission or transposition of securities. |
Every equity listed company shall within 1 month from the end of the each financial half year submit a certificate signed by Practicing Company Secretary, certifying that certifying that all certificates have been issued within thirty days of the date of lodgement for transfer, subdivision, consolidation, renewal, exchange or endorsement of calls/allotment monies. | April 2020 | 30, | May 31, 2020 | |||||||
| 11. | Reg. 52(1)
and (2) Financial Results. |
Listed companies with only its Non- Convertible Debentures (NCDs)/ Non- Convertible Redeemable Preference Shares (NCRPS) may submit its half yearly/yearly financial results in following method: results in following method: | ||||||||||
| 1.) Un-audited financial results accompanied by limited review report: within 45 days of end of FY. (audited financial results shall be submitted to SEBI as soon as they are approved by the board) | May 2020 | 15, | June 30, 2020 | |||||||||
| 2.) Annual audited results (if notified in advance to the stock exchange): within 60 days from the end of FY. | May 2020 | 30, | June 30, 2020 | |||||||||
| SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 | ||||||||||||
| 12. | Disclosures of Shareholding and Control
Reg. 30(1) & (2) Continual disclosures. |
Every person who together with person acting in concert with him, holds shares or voting rights entitling him to exercise
25% of or more of the voting rights in a target company, shall disclose its aggregate shareholding and voting rights as of March 31, to stock exchange and target company. |
7 working days form the end of FY | June 01, 2020 | ||||||||
| 13. | Disclosures of Shareholding and Control
Reg. 31(4) & (5) Disclosure of encumbered shares |
Promoter along with PAC of a target
company shall on early basis furnish a declaration to the stock exchange and audit committee of the target company, that they have not made any encumbrance, directly or indirectly, other than those already disclosed during the FY. |
7 working
days form the end of FY |
June 01, 2020 | ||||||||
| Annual Compliance Calendar 2020 SEBI (Prohibition of Insider Trading) Regulations, 2015 | ||||||||||||
| 14. | Schedule B para 4(2) | Every listed company shall close its trading window from the end of every quarter till 48 hours after the declaration
of financial years. |
– | – | ||||||||
| Annual Compliance Calendar 2020 SEBI (Depositories and Participants) Regulations, 2018 | ||||||||||||
| 15. | Reg. 76
|
Every issuer shall on quarterly basis submit an audit report with depository(s) in relation to reconciliation of the capital of the company. | April 30,
2020 |
May 31, 2020 | ||||||||
| Above mentioned report shall be audit shall be conducted by a Practicing Company Secretary or a qualified Chartered Accountant. | ||||||||||||
