✓ 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
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