Regulation 10 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 requires all Listed Entities to file all reports, statements, documents, filings and any other information to the Stock Exchange/s on the specified electronic platform.
The Bombay Stock Exchange (“BSE”) had, in a circular dated January 16, 2018, designated https://listing.bseindia.com (Listing Centre) as its specified electronic platform foractioning filings with it.
BSE has now observed that some companies are uploading the corporate actions (such as record date for dividend, etc.) disclosure, as Outcome of the Board / Committee meeting under Regulation 30 (Disclosures of Events or information) or Regulation 50 (Intimation to Stock Exchange).
In this regard, the BSE has requested all companies to ensure that any intimation regarding fixation of record date for any corporate action or Book closure, is separately intimated to BSE under Regulation 42 – Record Date or date of closure or transfer of books (Equity) or Regulation 60 – Record Date (Debt), as may be applicable.
Upon failing to intimate the record date or book closure separately under Regulation 42 or Regulation 60 as the case may be, BSE may not take the information submitted on record and subsequent consequences will be at the peril of the issuer companies.
BSE has reiterated that it will take cognizance of only those disclosures which are filed under relevant Regulations using BSE Listing Center.
Source: Bombay Stock Exchange
