This article contains various Compliance requirements for the Month of November 2021 under various Statutory Laws.
Compliance Requirement Under
1. Income Tax Act, 1961
2. Goods & Services Tax Act, 2017 (GST) and Important Updates / Circulars
3. Companies Act, 2013 & LLP Compliance (MCA/ROC Compliance) and Notifications
4. Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications
5. Other Statutory Laws and Updates
6. SEBI (Listing Obligations & Disclosure Requirements) (LODR) Regulations, 2015
7. SEBI Takeover Regulations 2011
8. SEBI (Prohibition of Insider Trading) Regulations, 2015
9. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
10. SEBI (Buyback of Securities) Regulations, 2018
11. SEBI (Depositories and Participants) Regulations 2018) and Circulars / Notifications
Compliance requirement under Income Tax act, 1961
| Sl. | Compliance Particulars | Due Dates |
| 1 | Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. | 07.11.2021 |
| 2. | Due date deposit of TDS for July-Sep. 2021 u/s section 192, 194A, 194D or 194H. | 07.11.2021 |
| 3 | Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of September, 2021 | 14.11.2021 |
| 4 | Due date of TDS Certificate in case of Tax deducted in case of other than salary for the quarter ending September, 2021 | 15.11.2021 |
| 5 | Form 3BB is the monthly statement to be furnished by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of October 2021 | 15.11.2021 |
| 6 | Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of October, 2021 has been paid without the production of a challan | 15.11.2021 |
| 7 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of October | 30.11.2021 |
| 8 | 3CEAA is required to be Filed electronically with the Director General of Income Tax (Risk Assessment) | 30.11.2021 |
| 9 | To exercise option of safe harbour rules for International transaction by furnishing Form 3CEFA. | 30.11.2021 |
| 10 | To exercise option of safe harbour rules for Domestic transaction by furnishing Form 3CEFB. | 30.11.2021 |
| 11 | Statement of income distribution by Venture Capital Company or venture capital fund in respect of income Distributed during previous Year 2020-21 (Form No. 64) | 30.11.2021 |
| 12 | Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2020-21. | 30.11.2021 |
| 13 | Statement to be furnished in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT in respect of income Distributed (during previous year 2020-21) to units holders | 30.11.2021 |
| 14 | Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB). | 30.11.2021 |
| 15 | Report to be furnished in Form 3CEB in respect of International transaction and specified domestic transaction. | 30.11.2021 |
- Income Tax Due Date – Extensions
| Sl. | Nature of Extension | Provisions / Forms of IT Act 1961 | Original Due Date | Extended Due Date |
| 1 | Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021 | Form No. 15G/15H | 15.07.2021 | 30.11.2021 |
| 2 | Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June,2021, | Form II SWF | 31.07.2021 | 30.11.2021 |
| 3 | Intimation to be made by a Pension Fund in respect of each investment ) made by it in India in Form No. 10BBB for the quarter ending on 30th June,2021 | Form No. 10BBB | 31.07.2021 | 30.11.2021 |
- Important Notifications – For the month of October – 2021:
| Sl. | Particulars of the Notification(s) | File No. / Circular No. | Link(s) |
| 1. | The Income-tax (31st Amendment) Rules, 2021. | Notification No. 118/2021 | Click Here |
| 2. | Processing of returns with refund claims under section 143(1) of the Income-tax Act 1961 beyond the prescribed time limits in non-scrutiny cases – reg | F. No. 225/98/2020 – ITA-II | Click Here |
| 3. | Income Tax Department conducts searches in Assam, Meghalaya and West Bengal | Press Release ID: 1762084 | Click Here |
| 4. | Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with India | Press Release ID: 1760883 | Click Here |
| 5. | The Income-tax (31st Amendment) Rules, 2021. | Notification No. 118/2021 | Click Here |
| 6. | Processing of returns with refund claims under section 143(1) of the Income-tax Act 1961 beyond the prescribed time limits in non-scrutiny cases – reg | F. No. 225/98/2020 – ITA-II | Click Here |
| 7 | Income Tax Department conducts searches in Assam, Meghalaya and West Bengal | Press Release ID: 1762084 | Click Here |
| 8 | Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with India | Press Release ID: 1760883 | Click Here |
| 9 | Clarification regarding Section 36(1) (xvi i) of the Income-tax Act. 1961 inserted vide Finance Act. 2015 | Circular No. 18 / 2021 | Click Here |
Compliance Requirement under GST, 2017
Filing of GSTR –3B
A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
| Tax period | Due Date | No interest payable till | Particulars |
| October, 2021 | 20th November,
2021 |
– | Due Date for filling GSTR – 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year |
B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)
| Tax period | Due Date | No interest payable till | Particulars |
| October, 2021 | 22nd November,
2021 |
Due Date for filling GSTR – 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B | |
| Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep | |||
C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
| Tax period | Due Date | No interest payable till | Particulars |
| October, 2021 | 24th November,
2021 |
||
| Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi | |||
D. Filing Form GSTR-1:
| Tax period | Due Date | Remarks |
| Monthly return
(October, 2021) |
11.11.2021 | GST monthly return for the month of October, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate Turnover more than 1.50 Crore.
GST monthly return for the month of October, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate turnover less than 1.50 Crore and opted to file monthly Return. |
E. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
| Form No. | Compliance Particulars | Timeline | Due Date |
| GSTR-5 & 5A | Non-resident ODIAR services provider file Monthly GST Return | 20th of succeeding month | 20.11.2021 |
| GSTR -6 | Every Input Service Distributor (ISD) | 13th of succeeding month | 13.11.2021 |
| GSTR -7 | Return for Tax Deducted at source to be filed by Tax Deductor | 10th of succeeding month | 10.11.2021 |
| GSTR -8 | E-Commerce operator registered under GST liable to TCS | 10th of succeeding month | 10.11.2021 |
F. GSTR – 1 QRMP monthly return
| Form No. | Compliance Particulars | Timeline | Due Date |
| Details of outward supply-IFF | GST QRMP monthly return due date for the month of October, 2021 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore. | 13th of succeeding month | 13.11.2021 |
G. GST Refund:
| Form No. | Compliance Particulars | Due Date |
| RFD -10 | Refund of Tax to Certain Persons | 18 Months after the end of quarter for which refund is to be claimed |
- Other Returns:
| Form No. | Compliance Particulars | Timeline | Due Date |
| CMP-08 | GST Challan Payment for taxpayer, with aggregate turnover of less than INR 5 Crores during preceeding year, who has opted for quarterly filing of returns. | GST Challan payment if No sufficient ITC available | 25.11.2021 |
| GST return for pending Period-Amnesty Scheme | Filing of Pending GST return with reduced penalty under Amnesty Scheme. | July, 2017 to April, 2021 | From 01.6.2021 to 30.11.2021
(earlier due date was 31.08.2021) |
Major Update:
- The taxpayers, who have registered at GST portal but have not yet furnished their Bank Account details, are required to update it at GST Portal through non-core amendment, within 45 days of first login henceforth.
- GSTR-2B will be available in the afternoon of 14th as its generation commences after end of due date of GSTR-1/IFF filing on 13th.
- GST UPDATES from 01.10.2021 to 31.10.2021:
| Sl. | Notification Particulars | Notification No. | Link (s) |
| 1. | Resumption of Blocking of E-Way Bill (EWB) generation facility. | GSTN Circular No. 507 | Click Here |
| 2. | Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 45th meeting held on 17th September, 2021 at Lucknow – reg. | 163/19/2021-GST | Click Here |
| 3. | Clarifications regarding applicable GST rates & exemptions on certain services. | 164/2020/2021-GST | Click Here |
| 4. | Availability of Input Tax Credit (ITC) for FY 2020-21 | GSTN Circular No. 509 | Click Here |
| 5. | Ahmedabad, Surat becoming bogus GST billing hubs: Govt | News Article | Click Here |
| 6 | Seeks to amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017. | 13/2021-Central Tax (Rate), dt. 27-10-2021 | Click Here |
| 7 | Seeks to amend Notification No 1/2017- Integrated Tax (Rate) dated 28.06.2017. | 13/2021- Integrated Tax (Rate), dt. 27-10-2021 | Click Here |
| 8 | Clarifications regarding applicable GST rates & exemptions on certain services. | 164/2020/2021-GST | Click Here |
| 9 | Advisory for taxpayers on Form GSTR-2B | GSTN Circular No. 510 | Click Here |
Compliance Requirement UNDER Companies Act, 2013 and Rules made thereunder;
| Applicable Laws/Acts | Due Dates | Compliance Particulars | Forms / Filing mode |
| Companies Act, 2013 | First declaration within 90 days from the date of notification Dt. 08.02.2019 | A person having Significant beneficial owner shall file a declaration to the reporting company
i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019 In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein. |
Form BEN-1
Draft Format available at |
| Companies Act, 2013 | within 30 days of acquiring beneficial interest | Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018.
(the date of receipt of declaration in BEN-1 ) |
Form BEN – 2
(e-form deployed by Ministry (ROC)) on 01.07.2019 |
| Companies Act, 2013 | Annual Compliance
(30.09.2021) |
*DIN KYC through DIR 3 KYC Form is an Annual Exercise.
Last date for filing DIR-3 KYC for Financial year 2020-21 is 30th September, 2021 Annual Exercise: CLICK HERE Penalty after due date is Rs. 5000/-(one time) |
E-Form DIR – 3 KYC
(Web Based and E-form) |
| Companies Act, 2013 | Within 270 days from the date of deployment of this Form | Annual Return To Be Filed By Auditor With The National Financial Reporting Authority
Note on NFRA -2 Click Here |
NFRA-2
(NFRA-2 e-Form live since 9th December 2019.) |
| Companies Act, 2013 | Within 15 days of appointment of an auditor. | The Ministry in its General Circular No. 12/2018 dated 13th December, 2018 clarified that filing of Form NFRA-1 is applicable only for Bodies Corporate and ruled out filing by Companies as defined under sub-section (20) of Section 2 the Act. | E – Form
NFRA -1 |
| Companies Act, 2013 | Within 30 days of the board meeting | Filing of resolutions with the ROC regarding Board Report and Annual Accounts. The details of the resolutions passed should be filed. | MGT-14
(Filing of resolution with MCA) |
| Companies Act, 2013 | Within 60 (sixty) days from the conclusion of each half year. | Reconciliation of Share Capital Audit Report (Half-yearly)
Pursuant to sub-rule Rule 9A (8) of Companies (Prospectus and Allotment of Securities) Rules, 2014 To be filed all unlisted companies, deemed public companies Till further clarification to be filled in GNL-2 |
E-Form PAS – 6 |
| Companies Act, 2013 | (Half Yearly basis)
31.10.2021 |
Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprise, can be filed delayed without any Additional Fee | E-Form MSME-1 |
| Companies Act, 2013 | One Time compliances | Registration of Entities for undertaking CSR activities – Trust/ Society/ Section 8 Company need to file before Acceptance of Donation as CSR w.e.f. 01st April 2021 | E-Form CSR-1 |
| Companies Act, 2013 | within a period of 60 days after the holding
of AGM |
IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 Statement of unclaimed and unpaid amounts.
This e-form shall be filed within a period of 60 days after the holding of AGM or the date on which it should have been held as per the provisions of section 96 of the Act, whichever is earlier |
IEPF -2 |
- LLP Compliance:
| Applicable Laws/Acts | Due Dates | Compliance Particulars | Forms / Filing mode |
| LLP Act, 2008 | 30.12.2021 (extended) | Statement of Account and Solvency for Financial Year 2020-21
Within 30 days from the end of 6 months of the financial year to which the statement relates. |
Form LLP-8 |
- Due dates of ROC Return Filings
| Sl. No. | Particulars | Due Date | E- Form |
| 1 | Appointment of Auditor | Within 15 days from the conclusion of AGM | ADT-1 |
| 2 | Filing of financial statement and other documents with the ROC | 31.12.2021 – due date extended for all Companies including OPC
Within 30 days from the conclusion of the AGM, other than OPC (In case of OPC within 180 days from the close of the financial year) |
AOC-4 |
| 3 | Filing of annual return by a company. | 31.12.2021 – due date extended for all Companies including OPC
Within 60 days from the conclusion of AGM |
MGT-7 |
| 4 | Filing of annual return by a company. | 31.12.2021 – due date extended for all Companies including OPC
Within 60 days from the conclusion of AGM – Applicable in respect of Annual Return for the F.Y. 2020-21 and onwards of OPC and small companies. |
MGT-7A |
| 5. | Filing of Cost Audit Report with the Central Government | 31.11.2021 – due date extended
Within 30 days from the receipt of Cost Audit Report |
CRA-4 |
- Important Updates – October, 2021
- MCA Monthly UPdate Calendar: October, 2021
| Sl. | Particulars of the Circulars | Link |
| 1 | Engagement of Media Advisor on contract in contract in IEPF Authority | Click Here |
| 2 | Advertisement Notice in Form No. 63 for invitation of claims in the matter of M/s. Blue Crystal Agro Chemicals Ltd., (in Liquidation) issued by the OL, Bengaluru | Click Here |
| 3 | Dissolution Notice of various Companies (in liqn) issued by the OL Chandigarh | Click Here |
| 4 | Extension of last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014-reg. | Click Here |
| 5. | Form MGT-7/MGT-7A is likely to be revised on MCA21 Company Forms Download page w.e.f 14th October, 2021. Stakeholders are advised to check the latest version before filing. | Click Here |
| 6. | Expression of Interest (EOI) in the matter of M/s.Sirsilk Ltd. | Click Here |
| 7 | ROC Annual Filing: Quick Referencer for All Companies | Click Here |
| 8 | Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4, AOC-4 XBRL AOC-4 Non-XBRL and MGT-7/MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013 | Click Here |
| 9 | Extension of last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014-reg | Click Here |
| 10 | Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021.- reg | Click Here |
Compliances under FEMA / RBI
| Applicable Laws/Acts | Due Dates | Compliance Particulars | Forms / (Filing mode) |
| FEMA ACT 1999 | Not later than 30 days from the date of issue of Capital instrument | FC-GPR is a form filed when the Indian company receives the Foreign Direct Investment and the company allots shares to a person resident outside India. | Form FC-GPR |
| FEMA ACT 1999 | With in 60 days of receipt/ remittance of funds or transfer of capital instruments whichever is earlier. | Reporting of transfer of shares and other eligible securities between residents and non-residents and vice- versa is to be made in Form FC-TRS.
The onus of reporting shall be on the resident transferor/ transferee. |
Form FC-TRS. |
| FEMA ACT 1999 | within 30 days from the date of receipt of the amount of consideration. | A Limited Liability Partnership receiving amount of consideration and acquisition of profit shares is required to submit a report in the Form FDI LLP-1 | Form FDI LLP-I |
| FEMA ACT 1999 | within 60 days from the date of receipt of funds in | A Limited liability Partnership shall report disinvestment/ transfer of capital contribution or profit share between a resident and a non resident (or vice versa) | Form FDI LLP-II |
| FEMA ACT 1999 | within 30 days from the date of allotment of capital instruments | The domestic custodian shall report the issue/ transfer/ of sponsored/ unsponsored depository receipts | Downstream statement -Form DI & reporting at FIFP too |
Entities which are filing FLA return for the first time/ with revised UIN (Unique identification number) are required to register themselves first for generating login credentials and afterwards they can file FLA return. However, the entities which have already registered earlier may submit FLA-2021 using their earlier login credentials.
- RBI Circulars / Notifications: October, 2021
| Sl. | Particulars of the Circulars | Link |
| 1 | Enhancement in family pension of employees of banks – Treatment of additional liability | Click here |
| 2 | Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility | Click here |
| 3 | Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 | Click here |
| 4 | Value Free Transfer (VFT) of Government Securities – Guidelines | Click here |
| 5 | Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents’ Subsidiary General Ledger (CSGL) Account Guidelines | Click here |
| 6 | Reserve Bank of India Appoints an Advisory Committee to advise the Administrator of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) | Click here |
| 7 | Governor’s Statement : October 08, 2021 | Click here |
| 8 | Statement on Developmental and Regulatory Policies | Click here |
| 9 | Application for initiation of corporate insolvency resolution process against Srei Infrastructure Finance Limited and Srei Equipment Finance Limited filed under the Insolvency and Bankruptcy Code, 2016 | Click here |
| 10. | Survey on Foreign Collaboration in Indian Industry: 2019–2021 – Data Release | Click here |
| 11. | Data Format for Furnishing of Credit Information to Credit Information Companies | Click here |
| 12 | Reserve Bank of India retains the Advisory Committee of Srei Infrastructure Finance Limited and Srei Equipment Finance Limited | Click here |
| 13 | Overseas Direct Investment for September 2021 | Click here |
| 14 | RBI cancels Certificate of Registration of Six NBFCs | Click here |
| 15 | Sovereign Gold Bond Scheme (SGB) 2021-22 – Series VII/VIII/IX/X | Click here |
Compliance under Other Statutory LAws
| Applicable Laws/Acts | Timeline / Due Dates | Compliance Particulars | Forms / (Filing mode) |
| EPF (The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952) | 15.11.2021 | PF Payment | ECR |
| ESIC (Employees’ State Insurance Act, 1948) | 15.11.2021 | ESIC Payment | ESI Challan |
| Contract Labour (Regulation & Abolition) Act, 1970 | Within 15 Days of commencement/ completion of contract work | Return/Notice within 15 days of commencement/ completion of each contract by the Principal employer | Form VI-B |
| Contract Labour (Regulation & Abolition) Act, 1970 | Within 15 Days of commencement/ completion of contract work | Notice of commencement/ completion of contract work by the Contractor within 15 days | Form VI-A |
| Payment of Gratuity Rule | Within 30 Days of applicability of the Act & any change | Notice of applicability of the Act & any change | Form A or B |
| Payment of Gratuity Rule | Within 30 Days of applicability of the Act & any change | Notice of applicability of the Act & any change | Form A or B |
| Maharashtra Professional Tax | 30.11.2020 | Monthly Return for October 2021 | PT Return |
- Updates TRACKER under Labour LAws – October, 2021:
| Sl. | Particulars | Link |
| 1 | More than 3 crore unorganized workers registered on E-shram portal. | Click Here |
| 2 | Credible data at frequent intervals will help in focussed and evidence-based policy making, leading to targeted and last mile delivery: Shri Bhupender Yadav | Click Here |
| 3 | Amendment of Recruitment Rules-Proposal for merger of SREO/OSD & AEO in DGE (HQ), with the posts SREO and AEO posts of NCS Centers for SC/ST, Under DGE, Ministry of Labour & Employment | Click here |
| 4 | Members can download UAN Card, Pension Payment Order (PPO) and Scheme Certificate through #DigiLocker. | Click Here |
| 5 | #EPFO never asks it’s members to share their personal details like Aadhaar, PAN, UAN, Bank Account or OTP over phone or on social media. Stay alert & beware of fraudsters. | Click Here |
| 6 | Message from Shri Bhupender Yadav, Hon’ble Union Minister of Ministry Labour & Employment and Ministry of Environment, Forest and Climate Change regarding Iconic Week of Azadi Ka Amrit Mahotsav | Click Here |
| 7 | #EPFO never asks its members to share their personal details like Aadhaar, PAN, UAN, Bank Account or OTP over phone or on social media. | Click Here |
| 8 | Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976. | Click here |
| 9 | How to file form 19 and form 10c for PF withdrawal | Click Here |
| 10 | More than 4 crore unorganized workers registered at e-Shram Portal, India’s first National Database on Unorganized Workers | Click Here |
SEBI – Securities Exchange Board of INDIA
Compliance Requirement under SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
FILING MODE(s) :
|
1. Half Yearly Compliances:
| Sl. No. | Regulation No. | Compliance Particular | Compliance Period
(Due Date) |
Due Date |
| 1. | Regulation 33* | Quarterly / Annually
Relating to Financial Results |
Un audited Financial Results within 45 days & Audited finance within 60 days | 14/11/2021 |
| 2 | Regulation 23(9) | Related party transactions. | The listed entity shall submit within 30 days from the date of publication of 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 FR |
| 3. | Regulation 52(1)* | Financial Results. | The listed entity shall prepare and submit un-audited or audited financial results on a half yearly basis in the format as specified by the Board within forty five days from the end of the half year to the recognised stock exchange(s). | 14/11/2021 |
2. Regular / Annual Compliances:
| REG NO | REGULATION NO | PARTICULARS | TIMELINE |
| 47 Advertisements in Newspapers. | 47 (3) Advertisements in Newspapers | Financial results at 47 clause (b) of sub-regulation (1), shall be published within 48 hours of conclusion of the meeting of board of directors at which the financial results were approved. | 48 HOURS |
| 23 Related party transactions. | Reg 23(9) Related party transactions | The listed entity shall submit within 30 days from the date of publication of 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 | 30 days |
| 24A Secretarial Audit. | Red 24A | Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial audit and shall annex with its annual report, a secretarial audit report, given by a company secretary in practice, in such form as may be specified with effect from the year ended March 31, 2019. (within 60 days from the Closure of FY) | 60 days from the Closure of FY |
| 46 Website | 46(2)(s) | The listed entity shall disseminate the following information under a separate section on its website separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial year, uploaded at least 21 days prior to the date of the annual general meeting which has been called to inter alia consider accounts of that financial year.] | 21 days prior 1 days prior to the date of AGM |
3. Quarterly compliance which included half year compliance except FR
| REG NO | REGULATION NO | PARTICULARS | TIMELINE | ||
| Intimation | Reg 29 read with Reg 33 | intimation regarding item specified in clause 29(1) (a) to be discussed at the meeting of board of directors shall be given at least five days in advance (excluding the date of the intimation and date of the meeting), and such intimation shall include the date of such meeting of board of directors | at least 5 working days in advance, excluding the date of the intimation and date of the meeting | ||
| Intimations and Disclosure of events or information to Stock Exchanges. | 87B: Intimations and Disclosure of events or information to Stock Exchanges. READ WITH PART E OF Schedule III | The listed entity shall first disclose to stock exchange(s) of all events or information, as specified in Part E of Schedule III, as soon as reasonably possible but not later than twenty four hours from occurrence of the event or information: | 24 HOURS | ||
| Valuation, Rating and NAV disclosure. | 87C(1) (iii) | An issuer whose security receipts are listed on a stock exchange shall ensure that: the net asset value is calculated on the basis of such independent valuation and the same is declared by the asset reconstruction company within fifteen days of the end of the quarter. | 15 Days | ||
4. Event based Compliances
| REG NO | REGULATION NO | PARTICULARS | TIMELINE |
| 30 Disclosure of events or information. | 30(6) AND Part A of Schedule III | The listed entity shall first disclose to stock exchange(s) of all events, as specified in Part A of Schedule III, or information as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information | 24 HOURS |
| 30 Disclosure of events or information. | 30(6) AND sub-para 4 of Para A of Part A of Schedule III | The listed entity shall disclose to the Exchange(s), within 30 minutes of the closure of the meeting held to consider the following: a) dividends and/or cash bonuses recommended or declared or the decision to pass any dividend and the date on which dividend shall be paid/dispatched; b) any cancellation of dividend with reasons thereof; c) the decision on buyback of securities; d) the decision with respect to fund raising proposed to be undertaken e) increase in capital by issue of bonus shares through capitalization including the date on which such bonus shares shall be credited/dispatched; f) reissue of forfeited shares or securities, or the issue of shares or securities held in reserve for future issue or the creation in any form or manner of new shares or securities or any other rights, privileges or benefits to subscribe to; g) short particulars of any other alterations of capital, including calls; h) financial results; i) decision on voluntary delisting by the listed entity from stock exchange(s). |
30 MINUTES |
| 31A: Conditions for re-classification of any person as promoter / public | 31A(8) | The following events shall deemed to be material events and shall be disclosed by the listed entity to the stock exchanges as soon as reasonably possible and not later than twenty four hours from the occurrence of the event: (a) receipt of request for re-classification by the listed entity from the promoter(s) seeking re-classification; (b) minutes of the board meeting considering such request which would include the views of the board on the request; (c) submission of application for re-classification of status as promoter/public by the listed entity to the stock exchanges; (d) decision of the stock exchanges on such application as communicated to the listed entity; |
24 HOURS |
| 34 Annual Report. | 34(1)(b) | In the event of any changes to the annual report, the revised copy along with the details of and explanation for the changes shall be sent not later than 48 hours after the annual general meeting.] | 48 HOURS |
| 44 Meetings of shareholders and voting | 44(3) | The listed entity shall submit to the stock exchange, within forty eight hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board. | 48 HOURS |
| 47 Advertisements in Newspapers. | 47 (3) Advertisements in Newspapers | The listed entity shall publish the information specified in 47(1) in the newspaper simultaneously with the submission of the same to the stock exchange(s). The same is reproduced below 47(1) (a) notice of meeting of the board of directors where financial results shall be discussed (c )statements of deviation(s) or variation(s) as specified in sub-regulation (1) of regulation 32 on quarterly basis, after review by audit committee and its explanation in directors report in annual report; (d) notices given to shareholders by advertisement |
Simultaneously |
| – | SCHEDULE III PART PART A 7(A) | resignation of the auditor of the listed entity, detailed reasons for resignation of auditor, as given by the said auditor, shall be disclosed by the listed entities to the stock exchanges as soon as possible but not later than twenty four hours of receipt of such reasons from the auditor | 24 HOURS |
| – | SCHEDULE III PART PART A 7(B) | In case of resignation of an independent director of the listed entity, within seven days from the date of resignation, the following disclosures shall be made to the stock exchanges by the listed entities: i. Detailed reasons for the resignation of independent directors as given by the said director shall be disclosed by the listed entities to the stock exchanges. ii. The independent director shall, along with the detailed reasons, also provide a confirmation that there is no other material reasons other than those provided. iii. The confirmation as provided by the independent director above shall also be disclosed by the listed entities to the stock exchanges along with the detailed reasons as specified in sub-clause (i) above.] |
7 days from the date of resignation |
| 7 Share Transfer Agent. | Reg 7(4) & (5) Share Transfer Agent. | The listed entity shall intimate any change or appointment of a new share transfer agent, to the stock exchange(s) within seven days of entering into the agreement. | 7 DAYS |
| 29 | Reg 29(1) | The intimation required under 29 (1), shall be given at least two working days in advance, excluding the date of the intimation and date of the meeting Reg 29(1) is reproduced below: (b) proposal for buyback of securities ; (c) proposal for voluntary delisting by the listed entity from the stock exchange(s); (d) fund raising by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, debt issue, preferential issue or any other method and for determination of issue price: Provided that intimation shall also be given in case of any annual general meeting or extraordinary general meeting or postal ballot that is proposed to be held for obtaining shareholder approval for further fund raising indicating type of issuance. (e) declaration/ recommendation of dividend, issue of convertible securities including convertible debentures or of debentures carrying a right to subscribe to equity shares or the passing over of dividend. (f) the proposal for declaration of bonus securities where such proposal is communicated to the board of directors of the listed entity as part of the agenda papers: |
at least 2 working days in advance, excluding the date of the intimation and date of the meeting |
| 31 Holding of specified securities and shareholding pattern. | Reg 31 (1)(a) | The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, in the format specified by the Board from time to time – one day prior to listing of its securities on the stock exchange(s); |
1 day prior to listing of its securities on the stock exchange(s |
| 31 | Reg 31 (1 (c) | within ten days of any capital restructuring of the listed entity resulting in a change exceeding two per cent of the total paid-up share capital: | within 10 days of any capital restructuring |
| 31A Conditions for re-classification of any person as promoter / public | Reg 31A | an application for re-classification of a promoter/ person belonging to promoter group to public to the stock exchanges has to be made by the listed entity consequent to the following procedures and not later than thirty days from the date of approval by shareholders in general meeting | 30 days from the date of approval by shareholders in general meeting |
| 37 Draft Scheme of Arrangement & Scheme of Arrangement. | 37(1) | Draft Scheme of Arrangement & Scheme of Arrangement before for obtaining Observation Letter or No-objection letter, before filing such scheme with any Court or Tribunal, in terms of requirements specified by the Board or stock exchange(s) from time to time. | Before filling the same with any court or tribunal |
| 39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities. | 39(2) | The listed entity shall issue certificates or receipts or advices, as applicable, of subdivision, split, consolidation, renewal, exchanges, endorsements, issuance of duplicates thereof or issuance of new certificates or receipts or advices, as applicable, in cases of loss or old decrepit or worn out certificates or receipts or advices, as applicable within a period of thirty days from the date of such lodgement. | 30 Days |
| 39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities | 39(3) | The listed entity shall submit information regarding loss of share certificates and issue of the duplicate certificates, to the stock exchange within two days of its getting information. | 2 days of its getting information. |
| 40 Transfer or transmission or transposition of securities. | 40 (3) | On receipt of proper documentation, the listed entity shall register transfers of its securities in the name of the transferee(s) and issue certificates or receipts or advices, as applicable, of transfers; or issue any valid objection or intimation to the transferee or transferor, as the case may be, within a period of fifteen days from the date of such receipt of request for transfer | 15 days |
| 40 Transfer or transmission or transposition of securities. | 40 (3) | the listed entity shall ensure that transmission requests are processed for securities held in dematerialized mode within seven days after receipt of the specified documents: | 7 Days |
| 40 Transfer or transmission or transposition of securities. | 40 (3) | the listed entity shall ensure that transmission requests are processed for securities held in physical mode within twenty one days after receipt of the specified documents: | 21 Days |
| – | SCHEDULE VII: TRANSFER OF SECURITIES (PART B (1)) | In case of minor differences in the signature of the transferor(s), the listed entity shall follow the following procedure for registering transfer of securities: (a) the listed entity shall promptly send to the first transferor(s), via speed post an intimation of the aforesaid defect in the documents and inform the transferor(s) that objection, supported by valid proof, is not lodged by the transferor(s) with the listed entity within fifteen days of receipt of the listed entity’s letter, then the securities shall be transferred |
15 Days |
| 42 Record Date or Date of closure of transfer books. | 42(2) | The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to stock exchange(s) of record date specifying the purpose of the record date: | 7 working days advance intimation excluding the date of the intimation and date of the meeting |
| 42 Record Date or Date of closure of transfer books. | 42(2) | in the case of rights issues, the listed entity shall give notice in advance of atleast three working days (excluding the date of intimation and the record date).] | 3 working days advance intimation excluding the date of the intimation and date of the meeting |
| 42 Record Date or Date of closure of transfer books. | 42(3) | The listed entity shall recommend or declare all dividend and/or cash bonuses at least five working days (excluding the date of intimation and the record date) before the record date fixed for the purpose. | 5 working days advance intimation excluding the date of the intimation and date of the meeting |
| 46 Website | 46 (3)(b) | The listed entity shall update any change in the content of its website within two working days from the date of such change in content. | 2 working days |
| 50 Intimation to stock exchange(s). | 50(1) | The listed entity shall give prior intimation to the stock exchange(s) at least eleven working days before the date on and from which the interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds shall be payable. | 11 working days |
| 50 Intimation to stock exchange(s). | 50(3) | The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of directors, at which the recommendation or declaration of issue of non convertible debt securities or any other matter affecting the rights or interests of holders of non convertible debt securities or non convertible redeemable preference shares is proposed to be considered. | 2 working days advance intimation excluding the date of the intimation and date of the meeting |
| 52 Financial Results. | 52 (4) & (5) | The listed entity shall, within seven working days from the date of submission of the information required under sub- regulation (4), submit to stock exchange(s), a certificate signed by debenture trustee that it has taken note of the contents | 7 working days |
| 52 Financial Results. | 52 (4) & (8) | The listed entity shall, within two calendar days of the conclusion of the meeting of the board of directors, publish the financial results and statement referred to in reg 52 (4), in at least one English national daily newspaper circulating in the whole or substantially the whole of India. | two calendar days of the conclusion of the meeting |
| 57 Other submissions to stock exchange(s). | 57(1) | The listed entity shall submit a certificate to the stock exchange within two days of the interest or principal or both becoming due that it has made timely payment of interests or principal obligations or both in respect of the non convertible debt securities | within 2 days |
| 60 Record Date | 60(2) | The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the stock exchange(s) may agree to or require specifying the purpose of the record date. | 7 working days advance intimation excluding the date of the intimation and date of the meeting |
| 78 Record Date. | 78(2) | The listed entity shall give notice in advance of at least four working days to the recognised stock exchange(s) of record date specifying the purpose of the record date | notice in advance of at least 4 working days |
| 82 Intimation and filings with stock exchange(s). | 82(2) | The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of trustees, at which the recommendation or declaration of issue of securitized debt instruments or any other matter affecting the rights or interests of holders of securitized debt instruments is proposed to be considered. | 2 working days in advance, excluding the date of the intimation and date of the meeting, |
| 82 Intimation and filings with stock exchange(s). | 82(3) | The listed entity shall submit such statements, reports or information including financial information pertaining to Schemes to stock exchange within seven days from the end of the month/ actual payment date, either by itself or through the servicer, on a monthly basis in the format as specified by the Board from time to time: Provided that where periodicity of the receivables is not monthly, reporting shall be made for the relevant periods. |
within 7 days |
| 87 Record Date. | 87(2) | The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the Stock Exchange may agree to or require specifying the purpose of the record date | 7 working days advance intimation excluding the date of the intimation and date of the meeting |
| 87E Record Date. | 87E(2) | The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the stock exchange(s) of the record date or of as many days as the stock exchange may agree to or require specifying the purpose of the record date. | 7 working days advance intimation excluding the date of the intimation and date of the meeting |
7. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/CFD/DCR1/CIR/P/2020/49 issued and publish dated 27th March 2020, has published Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic.”.
| Sl. No. | Regulation No. | Compliance Particular | Compliance Period
(Due Date) |
| 1 | Regulation 30(1) | Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise 25% or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the 31st day of March, in such target company in such form as may be specified. | The disclosures required under sub-regulation (1) and sub-regulation (2) shall be made within seven working days from the end of each financial year to;
|
| 2 | Regulation 30(2) | The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may | |
| 3. | Regulation 31(1) read with Regulation 28(3) of Takeover Regulations
AUGUST 7, 2019 CIRCULAR |
The promoter of every listed company shall specifically disclose detailed reasons for encumbrance if the combined encumbrance by the promoter along with PACs with him equals or exceeds: a) 50% of their shareholding in the company; or b) 20% of the total share capital of the company, | within 2 (two) working days |
| 4. | Regulation 31(4) | Disclosure of encumbered shares | Promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the 31st March, in such target company in such form as may be specified |
8. SEBI (Prohibition of Insider Trading) Regulations, 2015
| Sl. No. | Regulation No. | Compliance Particular | Compliance Period
(Due Date) |
| 1 | Regulation 7(2)
“Continual Disclosures” |
Every promoter, employee and director of every company shall disclose to the company the number of such securities acquired or disposed of within two trading days of such transaction if the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in excess of ten lakh rupees (10,00,000/-) or such other value as may be specified; | Every company shall notify; within two trading days of receipt of the disclosure or from becoming aware of such information |
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
| Sl. No. | Regulation No. | Compliance Particular | Compliance Period
(Due Date) |
| 1 | Schedule XIX – Para (2) of ICDR
Read with Reg 108 of SEBI LODR |
“The issuer shall make an application for listing from the date of allotment, within such period as may be specified by the Board from time to time, to one or more recognized stock exchange(s)”.
In regard to above, it is specified that Issuer shall make an application to the exchange/s for listing in case of further issue of equity shares from the date of allotment within 20 days (unless otherwise specified). |
Within 20 days from the date of allotment |
| 2 | Regulation 162 | The tenure of the convertible securities of the issuer shall not exceed eighteen months from the date of their allotment. | Within 18 months from date of allotment |
| 3 | SEBI CIRCULAR
Aug 19, 2019 |
Application for trading approval to the stock exchange Listed entities shall make an application for trading approval to the stock exchange/s within 7 working days from the date of grant of listing approval by the stock exchange/s. | Within 7 working days from grant of date of listing approval |
| 4 | Regulation 76
Application for rights issue |
The issuer along with lead managers and other parties related to the issue shall constitute an optional mechanism (non-cash mode only) to accept the applications of the shareholders to apply to rights issue subject to ensuring that no third-party payments shall be allowed in respect of any application. | |
| 5. | Regulation 77
Service of Documents |
In case if the company fails to adhere to modes of dispatch through registered post or speed post or courier services due to Covid-19 conditions it will not be treated as non-compliance during the said period. The issuers shall publish required & necessary documents on the websites of the company, registrar, stock exchanges and the lead managers to the rights issue. | |
| 6 | Regulation 84
Advertisement |
Issuer has the flexibility to publish the advertisement in additional newspapers above those required in Regulation 84. The advertisement should also be made available on:
A. Website of the Issuer, Registrar, Lead Managers, and Stock Exchanges. B. Television channels, radio, the internet, etc. to spread information related to the process. |
|
SEBI (Buyback of Securities) Regulations, 2018 (Buyback Regulations)
| Sl. No. | Regulation No. | Compliance Particular | Compliance Period
(Due Date) |
| 1 | Regulation 11 and 24(iv) | Extinguishment of equity shares in connection with Buyback The particulars of the security certificates extinguished and destroyed shall be furnished by the company to the stock exchanges where the shares or other specified securities of the company are listed within seven days of extinguishment and destruction of the certificates | 7 days of extinguishment and destruction of the certificates |
| 2 | Regulation 24(i) (f) | Minimum time between buy back and raising of funds | Temporary relaxation in the period of restriction
provided in Regulation 24(i)(f) from “one year” to “six months” Applicable up to December 31, 2020 only |
SEBI (Depositories and Participants) Regulations 2018)
| Sl. No. | Compliance Particulars | Due Date |
| 1. | Regulation 76 (Quarter, January – March 2021)
Reconciliation of Shares and Capital Audit |
Within 30 days from end of quarter. |
| 2. | Regulation 74 (5): Processing of demat requests form by Issuer/RTAs – Certificate Received from Registrar | Within 15 days from the end of each quarter |
- SEBI Circulars Tracker: 01.10.2021 to 31.10.2021
| Sl. | Particulars | Link |
| 1 | Chairman’s speech dated October 04, 2021 at Inauguration of Joint Certification Course in Cyber Security Foundation by NISM, CERT-In and C-DAC | Click Here |
| 2 | Public Issues – D.K. Enterprises Global Limited- SME Prospectus | Click Here |
| 3 | Choice International Limited | Click Here |
| 4 | SEBI issues Directions to NCDEX regarding trading in Mustard Seed contracts | Click Here |
| 5 | Canara Robeco Banking & PSU Debt Fund | Click Here |
| 6. | Debt Offer Document – Muthoot Fincorp Limited – Corrigendum to the Prospectus dated September 27, 2021 | Click Here |
| 7. | Circular on Minimum percentage of trades carried out by mutual funds through RFQ platform | Click Here |
| 8. | Unserved Summons / Notices- Unserved Personal Hearing Notice dated September 27, 2021, in the matter of M/s. Billionaire Solution (Proprietor Mr. Akash Jaiswal) | Click Here |
| 9. | Amendments to manner and mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(5C) and Regulation 22(7) of SEBI Infrastructure Investment Trusts Regulations, 2014 (“SEBI (InvIT) Regulations”) | Click Here |
| 10. | Amendments to manner and mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(6A) and Regulation 22(8) of SEBI (Real Estate Investment Trusts) Regulations, 2014 (“SEBI (REIT) Regulations”) | Click Here |
| 11. | Revised Formats for filing Financial information for issuers of non-convertible securities | Click Here |
| 12. | Disclosure of Complaints against the Stock Exchanges and the Clearing Corporations | Click Here |
| 13. | Discontinuation of usage of pool accounts for transactions in units of Mutual Funds on the Stock Exchange Platforms | Click Here |
| 14. | Circular on Mutual Funds | Click Here |
| 15. | Consultation Paper on ‘Review of Price Band and Book Building Framework for public issues’ | Click Here |
| 16. | Transmission of Securities to Joint Holder(s) | Click Here |
| 17 | Internship Program in the Legal Department of SEBI | Click Here |
| 18 | Dealing in unregulated products by SEBI registered Investment Advisers | Click Here |
| 19 | Modalities for filing of placement memorandum through a Merchant Banker under SEBI (Alternative Investment Funds) Regulations, 2012 | Click Here |
| 20 | Consultation Paper – Capping of ISINs for Corporate Bonds | Click Here |
| 21 | Amendment to SEBI Circular pertaining to Investor Protection Fund (IPF)/Investor Service Fund (ISF) and its related matters | Click Here |
| 22 | Amendment to SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism | Click Here |
| 23 | Surrender of certificate of registration of SREI Mutual Fund (IDF) (SREIMF) | Click Here |
| 24 | Consultation Paper on introducing disclosure norms for ESG Mutual Fund Schemes | Click Here |
| 25 | Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021 | Click Here |
| 26 | Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2021 | Click Here |
| 27 | Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2021 | Click Here |
| 28 | Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes | Click Here |
| 29 | Maintenance of current accounts in multiple banks by Stock Brokers | Click Here |
| 30 | Investment/ trading in securities by employees and Board members of AMC(s) and Trustees of Mutual Funds | Click Here |
| 31 | Takeovers – Sterling and Wilson Solar Limited | Click Here |
| 32 | Unserved Personal Hearing Notices dated August 13, 2021, in the matter of Hybrid Research Advisory Services (Proprietor – Mr. Nikhil Kumar) | Click Here |
| 33 | Revised Formats for Limited Review/ Audit Report for issuers of non-convertible securities | Click Here |
| 34 | Informal guidance request of Muthoot Finance Limited under SEBI (Issue ad Listing of Non- convertible Securities) Regulations, 2021 regarding clarification on requirement of financial statements accompanied with the Auditor’s Report | Click Here |
| 35 | Streamlining of issuance of SCORES Authentication | Click Here |
