SEBI circular on corporate governance has been saved
SEBI circular on corporate governance
Reporting format simplified
Corporate governance is not a one-size-fits-all solution. The key is organising information into an easy-to-use and easy-to-access format, while providing in-depth information.
Market regulator SEBI came out with a new format for compliance reports on corporate governance (SEBI circular SEBI/HO/CFD/ CMD1/CIR/P/2019/78 dated 16 June 2019) to be submitted by listed companies to stock exchanges. This circular prescribes a new format for disclosures to be made quarterly and annually and within six months from the end of the financial year that can be submitted along with the second quarter report.
In view of the revised timelines under the amended regulations, the circular will come into force with effect from the quarter ending 30 September 2019.