The Securities and Exchange Board of India (“SEBI”), while specifying norms for Large Entities to follow while raising fund/s by issuing debt securities, had mandated listed entities identified as a Large Corporate (“LC”) to make Initial Disclosures to the stock exchanges where its securities are listed within 30 days of the beginning of the financial year.
In order to implement this, the National Stock Exchange (“NSE”) and the Bombay Stock Exchange (“BSE”) have introduced the module for filing such disclosures.
NSE
The NSE has introduced a module in NSE Electronic Application Processing System (NEAPS) ‘Disclosure for Large Corporates’.
- URL for login in NEAPS: https://www.connect2nse.com/LISTING/
- Path for filing: NEAPS > COMPLIANCE > Periodic Compliances > Disclosure for Large Entities > Initial Disclosure
Source: National Stock Exchange
BSE
Filing with regard to the initial disclosure must be made through the Corporate Announcements Module of the Listing Centre.
Path for filing: Corporate Announcement > Compliances > Fund Raising by issuance of Debt Securities by Large Entities.
- Filings in respect of Initial Disclosure has to be made by all listed entities identified as LC.
- The listed entities which are not identified as LC must submit a confirmation in this regard to BSE in the mode as specified above.
Source: Bombay Stock Exchange
