Explain the following: Advertisement in Newspapers by a listed company in terms of Regulation 47 under SEBI (LODR) Regulations, 2015.
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2020
Explain the following: Advertisement in Newspapers by a listed company in terms of Regulation 47 under SEBI (LODR) Regulations, 2015.
Answer & Explanation:
To publish the following information in the newspapers in terms of Regulation 47 of SEBI (LODR) Regulations, 2015- (a) Notice of meeting of the board of directors where financial results shall be discussed. (b) Financial results, along with the modified opinion (s) / reservation (s), if any, expressed by the auditor. (c) Submission of standalone and consolidated financial results. (d) Statements of deviation(s) or variation(s) as specified in sub-regulation (1) of regulation 32 on quarterly basis, after review by audit committee and its explanation in directors report in annual report; (d) Notices given to shareholders by advertisement. Financial results shall be published within 48 hours of conclusion of the Board Meeting. The information shall be published in at least one English language national daily newspaper circulation in the whole or substantially the whole of India and in one daily newspaper published in the language of the region, where the registered office of the listed entity is situated. The listed entity shall give a reference in the newspaper publication, in sub-regulation (1), to link of the website of listed entity and stock exchange(s), where further details are available.
Topics: SEBI (LODR) Regulations, 2015
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