LODR cutoff dates
0 likes268 views
The document outlines various time limits and compliance requirements for listed entities as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Some key requirements include having a minimum of 3 directors on the board, holding board meetings at least once every 120 days, forming committees like the audit committee and nomination & remuneration committee, and quarterly and annual financial disclosures within 45 and 60 days respectively of the end of the period. It also specifies various other periodic disclosures around shareholding patterns, outcome of board meetings, related party transactions, and procedures regarding share transfers within prescribed timelines.
LODR cutoff dates
- 1. 2 Not less than 8 Years 3 4 5 2/3rd of the Director are independent Chairman must be an independent director Quorum must be 1/3rd or 2 whichever is highher Minimum: 3 Directors 1 Time Limit: Preservation of documents Board of Directors Meetiing Time Limit: Max of 120 days between 2 AGM's ( Clause 18) ( Clause 19) Compliance certificate to be submitted by the company Nomination & Remuneration Committee All directors must be Non Executive 1/2 of the dircetors must be independent directors Chairman shall be an independent director Audit Committee Committees Minimum : 3 Directors Time Limit: 4 Times in a year with a gap not exceeding 120 days between 2 Board Meetings. Time Limit: Listing Obligation And Disclosure Requirement cut off dates for various filings (LODR) The listed entity shall submit a compliance certificate to the exchange, duly signed by both the compliance officer of the listed entity and the authorised representative of the share transfer agent, wherever applicable, within 1 month of end of each half of the financial year 21 days from the end of each quarter a statement giving the number 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. Time Limit: ( Clause 13) ( Clause 9) ( Clause 17) Grievance Redressal Mechanism
- 2. The Chairman of the committee be Non- Executive 6 7 Other purpose as specified: ( Ref pg.25) 8 30 minutes of the meeting 9 sebi (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015.pdf Alteration in nature & form of securities Any alteration on int on bonds,deb,red. Securities 11 days in advance (excluding the date of intimation and date of meeting) Time Limit: Quarterly Compliances Report on Corporate Governance Time Limit: 15 days from the close of the quarter ( Clause 20) ( Clause 21) ( Clause 21) Stakeholder Relationship Committee PART A SCHEDULE III LIST Financial Results: (excluding the date of intimation and date of meeting) Outcome of Board Meeting Part A Schedule III events Prior Intimation to stock exchange about the BM 5 Days in advance 2 days in advance ( Clause 30) ( Clause 30) Time Limit: Within 24 Hours (If the delay is beyond the 24 hours then co. should explain the reasons for the dealay of the same) No such mandatory requirement, it must be composed of the Board of Directors of the company and see the risk attached to the company and also look at Risk Management Committee
- 3. 10 11 21 days from the end of each quarter 12 Time Limit: 13 Quarterly: 45 days Year to Year: 14 15 16 ( Clause 36) ( Clause 34) ( Clause 33) sub clause 3 Minimum period of 5 years on website or as per archival policy The company should disseminate the information on the website which is given to the stock exchange Financial Resuts Standalone Financial Statement Annual Report Documents & Information to shareholders Time Limit: 60 days from the end of the financial year along with the Audit Report Time Limit: Time Limit: ( Clause 31) Within 10 days of such restructing resulting in a change exceeding 2% of the Total paid up share capital ( Clause 31) Adherance to AS-25 or INDAS-31 and as per Section 133 of the Companies Act 2013 . The standalone financial results and consolidated financial statement be prepared as per GAAP(India) ( Clause 33) Time Limit: Other than the last quarter Share holding pattern Capital Restructing Time Limit: 21 working days of being approved and adopted in the AGM Time Limit: Not less than 21 days of the AGM
- 4. 17 18 19 Transfer Transmission Demat 7 days Physical 21 days Note: The Board of directors or any other delegated authority shall attend to the formalities pertaining to tranfer of securities atlest 15 days a month Note: If the transfer is not affected within 15 days then the company will be responsible for the loss suffered by the aggrieved party Note: If the transferor is having any objection then within 60 working days he must intimate to the company After the receipt of specified documents Differences In Signature Time Limit: 15 days of such transfer ( Clause 40) Unclaimed Securities Time Limit: 30 days of such lodgement ( Clause 39) For the loss of share certificate and issuance of the duplicate certificate ( Clause 39) ( Clause 40) Time Limit: 15 days from the date of receipt of such transfer Time Limit: ( Clause 40) Time Limit: Within 2 days of getting the information Note: For the procedural requirement ref to Schedule VI Transfer or Transmission or Transposition of securities
- 5. Time Limit: 20 Time Limit: 21 5 working days excluding intimation & record date 22 30 days 23 Time Limit: 24 Within 2 working days of the change in the content 25 Time Limit: Time Limit: ( Clause 42) ( Clause 42) Atleast 7 working days excluding the dt of intimation & dt of transfer ( Clause 42) Time Limit: ( Clause 46) Advertisment in the News Paper Time Limit: Within 48 Hours of the conclusion of the Board Meeting ( Clause 47) ( Clause 44) Within 48 hours of the conclusion of the General Meeting Change in the content on the website of the company Certificate From PCS that the transfer is done within time Within 1 month at the end of each half financial year certifying that all transfer have taken place 30 days of such transfer ( Clause 40) Record date or Date of closure of transfer of shares Declaration of the dividend or cash bonus Gap between 2 record dates Voting results of the General Meeting (1) The listed entity shall intimate the record date to all the stock exchange(s) where it is listed for the following purposes: (a) declaration of dividend; (b) issue of right or bonus shares; (c) issue of shares for conversion of debentures or any other convertible security; (d) shares arising out of rights attached to debentures or any other convertible security (e) corporate actions like mergers, de-mergers, splits and bonus shares,
- 7. ting)