What role is played by a Company Secretary in relation to the following under the provisions of the Companies Act, 2013: (ii) Certification under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CS Professional · Advanced Company Law and Practice · PYQS · December 2016
What role is played by a Company Secretary in relation to the following under the provisions of the Companies Act, 2013: (ii) Certification under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Answer & Explanation:
Role of Company Secretary in certification under SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 provides for the following certifications from Company Secretaries: In terms of Regulation 7(3), the listed entity shall submit a compliance certificate to the exchange, duly signed by both the compliance officer of the listed entity and the authorised representative of the share transfer agent, wherever applicable, within one month of end of each half of the financial year. In terms of Regulation 27(2), every listed company is required to submit a quarterly Compliance Report on Corporate Governance within 15 days from close of the quarter. Such report shall be signed by the Compliance officer or chief executive officer of the company. In terms of Regulation 40(9), the listed entity shall ensure that the share transfer agent and/or the in-house share transfer facility, as the case may be, produces a certificate from a practicing company secretary within one month of the end of each half of the financial year, certifying that all certificates have been issued within thirty days. In terms of Regulation 56(1)(d), a half-yearly certificate regarding the maintenance of hundred percent asset cover in respect of listed non convertible debt securities, by either a practicing company secretary or a practicing chartered accountant, along with the half yearly financial results. In accordance with the Schedule V regarding Annual Report, Part-E regarding Compliance Certificate, provides that the Compliance certificate from either the auditors or practicing company secretaries regarding compliance of conditions of corporate governance shall be annexed with the directors' report.
Topics: Company Secretary
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