SEBI amends Format of compliance report on Corporate Governance by Listed Entities
Security Exchange Board of India (SEBI) vide SEBI Circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/567 dated May 31, 2021 has notified “Format of compliance report on Corporate Governance by Listed Entities” as per the provisions of Regulation 27(2) of SEBI (LODR) Regulations, 2015 (“Listing Regulations”).
The SEBI has issued a new format for the Compliance Report on Corporate Governance in which it has added a new Annexure – IV.
Annexure – IV shall be submitted on half yearly basis with the Compliance Report on Corporate Governance in the prescribed format (w.e.f. first half of the financial year 2021-22). Under this Annexure, the Listed entities have to disclose the following:
a. Any loan or any other form of debt advanced by the listed entity directly or indirectly to;
b. Any guarantee/ comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by;
c. Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by;
the Promoter, Promoter Group, Directors (including relatives), KMPs or any other entity controlled by them, directly or indirectly.
Complete details and formats available at SEBI website: Link: https://www.sebi.gov.in/legal/circulars/may-2021/format-of-compliance-report-on-corporate-governance-by-listed-entities_50338.html