valid as on 27/10/2020

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 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 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
  1. Extension vide SEBI Circular dated 26.03.2020 provided for implementation of circular on non-compliance with certain provisions of the SEBI LODR and the Standard Operating Procedure for suspension and revocation of trading of specified securities dated 22.01.2020. The revised implementation date is for compliance periods ending on or after June 30, 2020 from earlier date of March 31, 2020. To view the circular, Click Here.
  2. Refer SEBI Circular on non-compliance with certain provisions of the SEBI LODR and the Standard Operating Procedure for suspension and revocation of trading of specified securities dated 22.01.2020 to be implemented for compliance periods ending on or after March 31, 2020. To view the circular 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

Relaxation w.r.t. the quarter / financial year ending March 31, 2020 provided vide SEBI Circular dated 19.03.2020. The due date for quarter / financial year ending March 31, 2020 shall be May 15, 2020. To view the circular, Click Here.

Circular dated 19.03.2020 regarding relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic


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


SEBI Circular on Further relaxations from compliance with certain provisions of LODR and the SEBI circular dated January 22, 2020 relating to SOP due to the CoVID -19 virus pandemic dated 26.03.2020


SEBI Circular on non-compliance with certain provisions of the SEBI LODR and the Standard Operating Procedure for suspension and revocation of trading of specified securities dated 22.01.2020


LODR – SCHEDULE II Part E

PART E: DISCRETIONARY REQUIREMENTS 
[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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