Affluence Advisory
Quick Summary
As per Regulation 24A of SEBI (LODR) Regulation,2015 the Annual Secretarial Compliance report is applicable to all listed entities. This report is to be submitted by the listed entities to the stock exchange(s) within sixty days from end of the financial year. ASCR postulates for independent verific
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FAQ :
All listed entities are required to submit an Annual Secretarial Compliance Report (ASCR) as per Regulation 24A of SEBI (LODR) Regulations, 2015.
The ASCR must be submitted to the stock exchanges within sixty days from the end of the financial year.
The ASCR provides for an independent verification of a company's records by a Practicing Company Secretary (PCS) to ensure compliance with all applicable SEBI laws, regulations, and circulars.
New affirmations include compliance with secretarial auditing standards, adoption and timely updating of policies, website maintenance and disclosures, director disqualifications, identification of material subsidiaries, preservation of documents, performance evaluations, related party transactions, and insider trading prohibitions.
The revised format of the ASCR is effective from the financial year ending March 31, 2023, onwards.
Yes, stock exchanges have clarified that observations or remarks from the PCS are mandatory if the compliance status is provided as 'No' or 'NA'.
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