SEBI Update: Revised format for reporting of Corporate Governance by Listed Companies

✓ SEBI has issued revised format for reporting of Corporate Governance.

✓  Objective to revise format is to bring about transparency and to strengthen the disclosures around loans/ guarantees/ comfort letters/ security provided by the listed entity, directly or indirectly to promoter/ promoter group entities or any other entity controlled by them, hence, it has been mandated on a half yearly basis, in the Compliance Report on Corporate Governance. The format of disclosure in this regard is specified by Annex - IV of the said report and shall be effective from financial year 2021-22.

✓  Accordingly the format for compliance report on Corporate Governance shall be as under: 

I. Annex - I - on quarterly basis;

II. Annex - II - at the end of a financial year

III. Annex - III - at the end of 6 months from the close of financial year

IV. Annex - IV - on a half yearly basis

(w.e.f. first half year of the FY 21-22)

✓ This circular supersedes the aforementioned SEBI Circulars dated September 24, 2015 and July 16, 2019.

✓ To read SEBI Circular, please click here