December 30, 2021
Summary of the Circulars issued by MCA and SEBI on 29/12/2021
Extension of timeline for Additional Fee waiver towards filing of e-forms relating to Financial Statements and Annual Return for the FY 2020-21 upto 15/02/2022 and 28/02/2022 respectively
MCA has waived off the additional fee payable on filing of e-Forms AOC-4/AOC-4 (CFS)/AOC-4 XBRL and MGT-7/MGT-7A for the FY 2020-21 upto 15/02/2022 and 28/02/2022 respectively (as against the earlier deadline of 31/12/2021).
SEBI issues revised Standard Operating Procedure with respect to imposition of fine and initiation of action in case of non-compliance of continuous disclosures by issuers of listed Non-Convertible Securities(NCS) and/or Commercial Papers(CPs)
To align the SOP for imposition of fine and initiation of action in case of non-compliance of continuous disclosures by issuers of NCDS, NCRPS (now ‘NCS’) and CPs with that of the listed securities, SEBI had laid down the fine to be levied by the Stock Exchange for violation of various regulations vide its circular dated 13/11/2020.
Further to the recent amendments to SEBI LODR Regulations, SEBI has now notified this revised circular in supersession of its earlier circular, to notify the quantum of fine to be levied w.r.t non-compliance of the amended provisions under LODR.
This circular shall come into effect for the due dates of compliances falling on or after 01/02/2022.