As per earlier recommendation of SEBI (please refer to the email in trail), the single filing system (via API-based integration) has been implemented for “equity” listed and “equity and debt” listed companies for disclosure of Grievance Redressal Mechanism falling under Regulation 13(3) of SEBI LODR from October 01, 2024 onwards. It will be effective for the disclosures to be filed for quarter ended September 30, 2024.
The aforesaid single filing system will be applicable to the entities which are listed on both the Stock Exchanges i.e. BSE and NSE. The listed entities exclusively listed on respective Stock Exchanges will continue to file the disclosure on their respective Stock Exchanges where they are listed.
The entities need to ensure the following while filing disclosures:
- The listed entities will have an option of filing the disclosure and revision at any one Exchange.
- Debt listed companies, REITs and INVITs will fall under API integration under subsequent phase and hence, will continue to make the disclosures on both the Exchanges as per current practice.
- Entities must avoid multiple filing on the same disclosure on both the exchanges.
- After filing the disclosure, the entity must ensure that acknowledgment is received from both the exchanges. As a precautionary measure, it should be ensured that the disclosure is available on both the exchanges.
- In case an exchange seeks clarification on the disclosure, the entity will have to respond to the exchange which has sought clarification.
Please refer to the hyperlink below for a detailed read of the Notification.
Source: Bombay Stock Exchange
