valid as on 10/10/2019

Regulation 27. Other corporate governance requirements.

Other corporate governance requirements.

27. (1) The listed entity may, at its discretion, comply with requirements as specified in

(2)(a) The listed entity shall submit a quarterly compliance report on corporate governance in the  as specified by the Board from time to time to the recognised stock exchange(s) within fifteen days from close of the quarter.

(b)   Details of all material transactions with related parties shall be disclosed along with the report mentioned in clause (a) of sub-regulation (2).

(c)The report mentioned in clause (a) of sub-regulation (2) shall be signed either by the compliance officer or the chief executive officer of the listed entity.

To view the schedule,Click Here

SEBI has modified the formats for Compliance Report on Corporate Governance vide its Circular dated 16.07.2019 to be effective from quarter ended 30.09.2019. To view the Circular, Click Here.

Refer circular CIR/CFD/CMD/ 5 /2015 dated 24/09/2015. To view the circular,Click Here

Modification to circular dated September 24, 2015 on ‘Format for compliance report on Corporate Governance to be submitted to Stock Exchange(s) by Listed Entities’ dated 16.07.2019 w.e.f., 30.09.2019

SEBI Circular CIR/CFD/CMD/ 5 /2015 dated 24/09/2015


[See Regulation 27(1)]

A. The Board
A non-executive chairperson may be entitled to maintain a chairperson’s office at the listed entity’s expense and also allowed reimbursement of expenses incurred in performance of his duties.

B. Shareholder Rights
A half-yearly declaration of financial performance including summary of the significant events in last six-months, may be sent to each household of shareholders.

C. Modified opinion(s) in audit report
The listed entity may move towards a regime of financial statements with unmodified audit opinion.

The listed entity may appoint separate persons to the post of chairperson and managing director or chief executive officer.

E. Reporting of internal auditor
The internal auditor may report directly to the audit committee.

Omitted vide SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2018 dated 9th May, 2018 effective from 1 April, 2020. To view the notification Click Here

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