The Securities and Exchange Board of India (SEBI) on December 31, 2024, issued a circular regarding the Implementation of recommendations of the Expert Committee for facilitating ease of doing business for listed entities.
In order to facilitate ease of filing and compliance for listed entities, it has been decided to introduce Integrated Filing, in terms of regulation 10(1A) of the LODR Regulations, for the following Governance and Financial related periodic filings required under the LODR, which shall be applicable for the filings to be done for the quarter ending December 31, 2024 and thereafter:
The format of quarterly Integrated Filing i.e., Integrated Filing (Governance) and Integrated Filing (Financial) is given in Annexure 1 to this circular.
The timeline for quarterly Integrated Filing shall be as follows:
• Integrated Filing (Governance): within 30 days from the end of the quarter;
• Integrated Filing (Financial): within 45 days from the end of the quarter, other than the last quarter, and 60 days from the end of the last quarter and the financial year.
In this regard, the first quarterly Integrated Filing i.e., Integrated Filing (Governance) and Integrated Filing (Financial) which is applicable for the quarter ending December 31, 2024, may be filed within a period of 45 days from the end of the quarter.
The following material events/information shall be disclosed on a quarterly basis in the format specified as part of the Integrated Filing (Governance):
• Acquisition of shares or voting rights by listed entities in an unlisted company, aggregating to 5% or any subsequent change in holding exceeding 2% in terms of the provisions of Para A(1) of Part A of Schedule III of LODR.
• Imposition of fine or penalty which are lower than the monetary thresholds specified under Para A(20) of Part A of Schedule III of LODR.
• Updates on ongoing tax litigations or disputes in terms of the provisions of Para B(8) of Part A of Schedule III of LODR read with the corresponding provisions of Annexure 18 of the Master Circular.
For more details, please refer to the document below.
[Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185]
