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Clause 49 of listng agreement

dipali shinde (company secretary) (163 Points)

09 January 2012

Can anyone please share the format of the certificate to be circulated on Compliance report of all laws applicable to a company under clause 49 of the listing agreement?

What procedure can be set up for the same?

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12 Replies

Keval Ponkiya (CA CS MBA(Fin.) M.Com. L.L.B.) (223 Points)
Replied 09 January 2012

Dipali its a simple excel format !!!

Please send me your e-mail id, I will send it back to you !!! just fill up and send !!!

specifically if you don't mind to give e-mail id !!!

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Lovely kumari (Practising CS) (501 Points)
Replied 09 January 2012

plz provide ur mail id

Keval Ponkiya (CA CS MBA(Fin.) M.Com. L.L.B.) (223 Points)
Replied 09 January 2012

wwooww !!!

Lovely its great !!! yar

Lovely kumari (Practising CS) (501 Points)
Replied 09 January 2012

@ Keval: ??

Keval Ponkiya (CA CS MBA(Fin.) M.Com. L.L.B.) (223 Points)
Replied 09 January 2012

you sent the whole format and requirements !!! thats why !!! madam

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Lovely kumari (Practising CS) (501 Points)
Replied 09 January 2012

Yeah ..........but later modified ..... coz i was not able to paste it properly!!!!!!!!!!!!

dipali shinde (company secretary) (163 Points)
Replied 09 January 2012

Dear All,

I am speaking about the compliance required for all laws applicable to a company under Clause 49 (1C) (iii) of the listing agreement.

Regards

Dipali

Lovely kumari (Practising CS) (501 Points)
Replied 09 January 2012

Quarterly Compliance Report on Corporate Governance.

Name of the Company :

Quarter Ending on :

Particulars	Clause of Listing Agreement	Compliance Status (Yes/No)	Remarks
1	2	3	4
Board of Directors	49 I
Audit Committee	49 II
Shareholding/Investors Grievance Committee	49VI(C)
Remuneration of Directors	49 III
Board Procedures	49 IV
Management	49 V
Shareholders	49 VII
Report on Corporate Governance	49 VII

Note:

The details under each head shall be provided to incorporate all the information required as per the provisions of the clause 49 of the Listing Agreement.

In the column No. 3 compliance or non-compliance may be indicated by Yes/No. For example, if the Board has been composed in accordance with the clause 49 I of the Listing Agreement, “Yes” may be indicated.

In the remarks column, reasons for non-compliance may be indicated, for example, in case of requirement related to requirement related to circulation of information to the shareholders, which would be done only in the AGM/EGM, it might be indicated in the “Remarks” column – will be complied with at the AGM. Similarly, in respect of matters, which can be complied with only where the situation arises, for example, “Report on Corporate governance” is to be a part of Annual Report only, the words “will be complied in the next Annual Report” may be indicated

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 09 January 2012

Please find enclosed herewith the desired format.

Rgds

Attached File : 132189 903274 corporate governance report.doc downloaded: 283 times

3 Like

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 09 January 2012

Ankur sir u always override evryones knowledge....too good

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dipali shinde (company secretary) (163 Points)
Replied 10 January 2012

Dear All,

Clause 49 (IC) (iii) of the Listing Agreement reads thus:

"The Board shall periodically review compliance reports of all laws applicable to the company, prepared by the company as well as steps taken by the company to rectify instances of non-compliances."

So we have to periodically place before the BOD report with regard to compliance of all laws applicabel to a public listed company. This would include not only Companies Act, but all other laws as well.

Can I get a format of such report / certificate which is required to be placed before the Board on Compliance / Non-Compliance of laws applicable to the particular company?

Regards

Dipali Shinde