Sebi's Integrated Filing System to Simplify Compliance for Listed Entities

Sebi introduces a new compliance framework for listed entities, unifying financial and governance filings into one system. Effective from December 31, 2024, the integrated filing approach aims to alleviate compliance burdens by consolidating various filing requirements. The move includes updated deadlines and tightened auditor eligibility norms.

The Securities and Exchange Board of India (Sebi) has launched a new compliance framework for listed entities, aimed at simplifying governance and financial disclosures. The integrated filing system will be applicable for filings from the quarter ending December 31, 2024.

This initiative seeks to reduce compliance burdens by consolidating multiple periodic filing requirements. Under the new system, governance-related filings, such as investor grievance redressal and corporate governance compliance statements, must be submitted within 30 days after a quarter ends.

Financial filings, including reports on related-party transactions and quarterly financial results, have a 45-day deadline, extending to 60 days for year-end submissions. The framework also imposes new eligibility norms for secretarial auditors and introduces penalties for non-compliance.

(With inputs from agencies.)