CAIRR Update March 17, 2023

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CAIRR Update March 17, 2023

March 17, 2023

Summary of the circulars issued by NSE and BSE on 16/03/2023

These circulars are integrated in our free-to-use website

 Revision of the format of the Annual Secretarial Compliance Report w.e.f. the financial year ended 31/03/2023

SEBI has revised the format of the Annual Secretarial Compliance Report to be filed on an annual basis by PCS for listed entities and its material subsidiaries to include additional affirmations with respect to the certain compliances including the following:
  1. Auditing Standards issued by the ICSI
  2. Evaluation of performance of the Board of Directors, Independent Directors and Committees
  3. Related Party Transactions
  4. Prohibition of Insider Trading
  5. Preservation of documents
  6. Adoption and timely updation of policies
Further, the format has been amended to include the details of non-compliance such as the amount of fine, type of action taken against the non-compliance, relevant regulation/ circular number, and the response of the management to the observations made by the Company Secretary.

Click here to view the NSE Circular. Click here to view the BSE Circular.

By | 2023-03-17T12:29:59+00:00 March 17th, 2023||0 Comments

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