The weekly messenger | Edition 01.22
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas
Regulatory news
Relaxation on levy of additional fees in filing e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL and MGT-7/MGT-7A for the FY ended on 31 March 2021 ‒ 29 December 2021
Considering the various requests received from the stakeholders, the Ministry of Corporate Affairs has further decided not to levy any additional fees on filing of following e-forms for the Financial Year (FY) ended on 31 March 2021:
• AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL, if the same are filed up to 15 February 2022 and
• MGT -7 / MGT -7A, provided the same are filed up to 28 February 2022.
For more information, click here.
Non-compliance with provisions related to continuous disclosures ‒ 29 December 2021
The Securities and Exchange Board of India (SEBI) vide its Circular dated 13 November 2020 had prescribed a uniform structure for levying fines and taking actions for non-compliance with continuous disclosure requirements specified under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) by the issuers of listed Non-Convertible Securities and/ or Commercial Papers.
Considering the recent amendments in the Listing Regulations, the SEBI has issued the revised guidelines for levying fines and taking actions, in case of non-compliances with continuous disclosure requirements by the issuers of listed Non-Convertible Securities and/ or Commercial Paper.
The revised Circular shall come into force for the due dates of compliances falling on or after 1 February 2022.
For more information, click here.