Audit Committee under Companies Act 2013 & Listing Regulations
Audit Committee is required to be constituted under Section 177 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules of 2014 as well as SEBI (LODR) 2015. An audit committee is a governing body responsible for overseeing financial reporting and ensuring compliance with statutory audit requirements. Its primary duties include promoting accountability, ensuring adherence to regulatory standards, and facilitating transparent financial disclosures.
Compliances under SEBI (Prohibition of Insider Trading) Regulations, 2015
Regulation 7(1) & 7(2) of SEBI (Prohibition of Insider Trading) Regulations talks about disclosures by certain persons which can be initial & continual.
Holding of specified securities and shareholding pattern
Shareholding pattern shows the total number of equity share of the company divided into various owners like promoters, non-promoters, individuals and institutions.
Regulation regarding financial results
A listed company must publish financial information on a regular basis so that stakeholders, shareholders, and the general public can view its business and financial performance and make appropriate decisions in light of that review
Regulation regarding Corporate Governance Report
A listed company is required to submit a quarterly compliance corporate governance report to the recognized Stock Exchange(s).
Statement of deviation(s) or variation(s)
Listed entity shall submit to stock exchange the following statement(s) on a quarterly basis for public issue, rights issue, etc
Transfer or transmission or transposition of securities
Listed entity should comply with the Regulation 40 of Listing Agreement for effecting Transfer or transmission or transposition of securities
Reconciliation of share capital audit report
Every issuer shall submit audit report on quarterly basis, starting from Sep 30′ 2003, to the concerned stock exchanges audited by qualified CA or practicing CS
Statement of Grievance Redressal Mechanism
The listed entity shall ensure that adequate steps are taken for expeditious redressal of investor complaint.
Secretarial Audit and Secretarial Compliance Report
Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial audit and shall annex a secretarial audit report