Corporate governance rules require listed companies to adopt the revised listing clause and submit periodic compliance reports by deadline. SEBI revised Clause 49 of the Listing Agreement to strengthen corporate governance, requiring immediate application for new listings and phased implementation for existing listed companies within prescribed capital or net worth thresholds by the compliance deadline. Companies subject to the clause must submit quarterly compliance reports via their Compliance Officer or Chief Executive Officer; stock exchanges must verify pre listing compliance, obtain undertakings or escrow where appropriate, establish monitoring cells to gather quarterly reports, and submit consolidated compliance returns to SEBI within thirty days of each quarter end.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate governance rules require listed companies to adopt the revised listing clause and submit periodic compliance reports by deadline.
SEBI revised Clause 49 of the Listing Agreement to strengthen corporate governance, requiring immediate application for new listings and phased implementation for existing listed companies within prescribed capital or net worth thresholds by the compliance deadline. Companies subject to the clause must submit quarterly compliance reports via their Compliance Officer or Chief Executive Officer; stock exchanges must verify pre listing compliance, obtain undertakings or escrow where appropriate, establish monitoring cells to gather quarterly reports, and submit consolidated compliance returns to SEBI within thirty days of each quarter end.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
