ABOUT ARTICLE:

This article contains various Compliance requirements for the Month of

January, 2023 under various Statutory Laws. Compliance means
“adhering to rules and regulations.” Compliance is a continuous process
of following laws, policies, and regulations, rules to meet all the necessary
governance requirements without any failure.

If you think compliance is expensive, try non‐ compliance”

Compliance Requirement Under:

1. Income Tax Act, 1961
2. Goods & Services Tax Act, 2017 (GST) and Important Updates / Circulars
3. Foreign Exchange Management Act, 1999 (FEMA) and Important
Notifications
4. Other Statutory Laws and Updates
5. SEBI (Listing Obligations & Disclosure Requirements) (LODR) Regulations,
2015
6. SEBI Takeover Regulations 2011
7. SEBI (Prohibition of Insider Trading) Regulations, 2015
8. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
9. SEBI (Buyback of Securities) Regulations, 2018
10. SEBI (Depositories and Participants) Regulations 2018) and Circulars /
Notifications
11. Companies Act, 2013 (MCA/ROC Compliance) and Notifications
12. Insolvency and Bankruptcy Board of India (IBBI) Updates
13. Cabinet Decisions / New Acts

1. COMPLIANCE REQUIREMENT UNDER INCOME TAX

ACT, 1961

Sl. Compliance Particulars Due Dates

1 Due date for deposit of Tax deducted/collected for the month of 07.01.2023
December, 2022. However, all the sum deducted/collected by an office of
the government shall be paid to the credit of the Central Government on
the same day where tax is paid without production of an Income-tax
Challan
2. Due date for deposit of TDS for the period October 2022 to December 07.01.2023
2022 when Assessing Officer has permitted quarterly deposit of TDS
under section 192, section 194A, section 194D or section 194H
3 Due date for issue of TDS Certificate for tax deducted under section 194- 14.01.2023
IA in the month of November, 2022
4 Due date for issue of TDS Certificate for tax deducted under section 194- 14.01.2023
IB in the month of November, 2022

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 Due date for issue of TDS Certificate for tax deducted under section 14.01.2023
5 194M in the month of November, 2022
Due date for furnishing of Form 24G by an office of the Government 15.01.2023
where TDS/TCS for the month of December, 2022 has been paid without
the production of a challan
Quarterly statement of TCS for the quarter ending December 31, 2022 15.01.2023
6
Quarterly statement in respect of foreign remittances (to be furnished by 15.01.2023
7 authorized dealers) in Form No. 15CC for quarter ending December,
2022
8 Due date for furnishing of Form 15G/15H declarations received during 15.01.2023
the quarter ending December, 2022
9 Quarterly TCS certificate in respect of quarter ending December 31, 2022 30.01.2023
10 Due date for furnishing of challan-cum-statement in respect of tax 30.01.2023
deducted under section 194-IA in the month of December, 2022
11 Due date for furnishing of challan-cum-statement in respect of tax 30.01.2023
deducted under section 194-IB in the month of December, 2022
12 Due date for furnishing of challan-cum-statement in respect of tax 30.01.2023
deducted under section 194M in the month of December, 2022
13 Quarterly statement of TDS for the quarter ending December 31, 2022 31.01.2023
14 Quarterly return of non-deduction at source by a banking company from 31.01.2023
interest on time deposit in respect of the quarter ending December 31,
2022
15 Intimation under section 286(1) in Form No. 3CEAC, by a resident 31.01.2023
constituent entity of an international group whose parent is non-resident

 IMPORTANT NOTIFICATIONS – For the month of December - 2022:

Sl. Particulars of the Notification(s) File No. / Circular Link(s)
No.
Partial relaxation with respect to electronic F. No. DGIT(S)-
submission of Form lOF by select category of ADG(S)-3/e Click Here
1.
taxpayers in accordance w ith the DGIT
(Systems) Notification No. 3 Of 2022.
Answer Keys of Objective type papers of Updates Click Here
2. ITI/ITO for Departmental Examination - 2022
- reg.
Central Government hereby notifies the Notification No. Click Here
following as the international sporting event, 126/2022
3.
persons and specified income
Income-tax deduction from salaries during the Circular No. 24/2022
Financial Year 2022-23 under section 192 of Click Here
4. the Income-tax Act, 1961

Clarification for the purposes of clause (c) of Circular No. 25/ 2022
Section 269ST of the Income-tax Act, 1961 in Click Here
5
respect of dealership/distributorship contract in
case of Co-operative Societies - reg.

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2. COMPLIANCE REQUIREMENT UNDER GST, 2017
A. Filing of GSTR –3B / GSTR 3B QRMP
a) Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax period Due Date Particulars

Due Date for filling GSTR - 3B return for the month of
December, 2022 for the taxpayer with Aggregate
turnover exceeding INR 5 crores during previous year.

20th January, Due Date for filling GSTR - 3B return for the quarter of
December, 2022
2023 January to March 2022 for the taxpayer with Aggregate
turnover up to INR 5 crores during the previous year and
who has opted for Quarterly filing of return under
QRMP.

b). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax period Due Date Particulars

Due Date for filling GSTR - 3B return for
the month of December, 2022 for the
22nd January,
December, 2022 taxpayer with Aggregate turnover upto INR
2023
5 crores during previous year and who has
opted for Quarterly filing of GSTR-3B
Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa,
Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar
Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep

c). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

Tax period Due Date Particulars

24th January, Annual Turnover Up to INR 5 Cr in Previous FY
December, 2022
2023 But Opted Quarterly Filing
Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh,
Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam,
West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi

B. Filing Form GSTR-1:

Tax period Due Date Remarks

1. GST Filing of returns by registered person with
aggregate turnover exceeding INR 5 Crores during
Monthly return preceding year.
11.01.2023
(December, 2022) 2. Registered person, with aggregate turnover of
less then INR 5 Crores during preceeding year,
opted for monthly filing of return under QRMP.

C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

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Form No. Compliance Particulars Timeline Due Date

GSTR-5 & 5A Non-resident ODIAR services 20th of succeeding month 20.01.2023

provider file Monthly GST Return
Every Input Service Distributor
GSTR -6 (ISD) 13th of succeeding month 13.01.2023

Return for Tax Deducted at source

GSTR -7 to be filed by Tax Deductor 10th of succeeding month 10.01.2023
E-Commerce operator registered 10th of succeeding month 10.01.2023
GSTR -8 under GST liable to TCS

D. GSTR - 1 QRMP monthly / Quarterly return

Form No. Compliance Particulars Timeline Due Date

a) GST QRMP monthly return due

Details of outward date for the month of April, 2022
supply-IFF & (IFF). Applicable for taxpayers with 13th of succeeding 13.01.2023
Annual aggregate turnover up to month - Monthly
Summary of Rs. 1.50 Crore.
outward supplies Quarterly Return
by taxpayers who b) Summary of outward supplies by
have opted for the taxpayers who have opted for the
QRMP scheme. QRMP scheme.

E. GST Refund:
Form No. Compliance Particulars Due Date

RFD -10 Refund of Tax to Certain 18 Months after the end of quarter for
Persons which refund is to be claimed

F. Monthly Payment of GST – PMT-06:

Compliance Particular Due Date

Due Date of payment of GST for a taxpayer with Aggregate

turnover up to INR 5 crores during the previous year and who 25.01.2023
has opted for Quarterly filing of return under QRMP.

 GST UPDATES – DECEMBER, 2022:

Sl. Notification Particulars Notification No. Link (s)

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 1. Manner of processing and sanction of IGST
refunds, withheld in terms of clause (c) of sub-
rule (4) of rule 96, transmitted to the Instruction No.
jurisdictional GST authorities under sub-rule 04/2022-GST Click Here
(5A) of rule 96 of the CGST Rules, 2017.
2. Advisory regarding extension of due date for
furnishing form GSTR-1 for certain districts of GSTN update 563 Click Here
Tamil Nadu
3. Seeks to extend the due date for furnishing
FORM GSTR-1 for November, 2022 for 25/2022-Central Tax Click Here
registered persons whose principal place of
business is in certain districts of Tamil Nadu.

2. KEY COMPLIANCES UNDER FEMA / RBI

Applicable Forms /
Laws/Acts Due Dates Compliance Particulars (Filing mode)

Annual return on Foreign Liabilities and

Assets is required to be submitted by all
the India resident companies which have FLAIR
FEMA ACT 15th of July of received FDI and/ or made overseas System
1999 Every Year investment in any of the previous year(s), Click Here
including current year by July 15th every
year.
Not later than 30 FC-GPR is a form filed when the Indian
days from the date company receives the Foreign Direct
FEMA ACT of issue of Capital Investment and the company allots shares Form FC-GPR
1999 instrument to a person resident outside India.
With in 60 days of Reporting of transfer of shares and other
receipt/ remittance eligible securities between residents and
of funds or transfer non-residents and vice- versa is to be made
FEMA ACT of capital in Form FC-TRS. Form FC-
1999 instruments The onus of reporting shall be on the TRS.
whichever is
resident transferor/ transferee.
earlier.
Within 30 days
from the date of A Limited Liability Partnership receiving
FEMA ACT receipt of the amount of consideration and acquisition of Form FDI
1999 amount of profit shares is required to submit a report LLP-I
consideration. in the Form FDI LLP-1

within 60 days A Limited liability Partnership shall report Form FDI

FEMA ACT from the date of disinvestment/ transfer of capital LLP-II
1999 receipt of funds in contribution or profit share between a
resident and a non resident (or vice versa)

FEMA ACT within 30 days The domestic custodian shall report the Downstream
1999 from the date of issue/ transfer/ of sponsored/ unsponsored statement -
allotment of depository receipts Form DI &

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 capital instruments reporting at
FIFP too
Capital Account and Current Account – The purpose of the capital account is
to adjust the assets and liabilities of individuals outside India to persons
Types of residing in India. Thus any transaction that results in a change of the overseas
Accounts assets and liabilities in India of an Indian residing outside India or transactions
overseas of a person residing in India will be considered under the capital
account. All other transactions fall under the category of the current account.
There is option for the Non-Resident Indians to set up various bank accounts
NRI Bank in India, like FCNR, NRE and NRO Accounts.
Accounts

 RBI CIRCULARS / NOTIFICATIONS: DECEMBER, 2022

Sl. Particulars of the Circulars Link

1 Notification of Significant Benchmark Click here

2 Review of norms for classification of Urban Co-operative Banks (UCBs) Click here
as Financially Sound and Well Managed (FSWM)
3 Revised Regulatory Framework - Categorization of Urban Co-operative Click here
Banks (UCBs) for Regulatory Purposes
4 Operations of subsidiaries and branches of Indian banks and All India
Financial Institutions (AIFIs) in foreign jurisdictions and in International Click here
Financial Services Centers (IFSCs) - Compliance with
statutory/regulatory norms
5 Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Click here
Net Worth and Capital Adequacy
6 Liquidity Adjustment Facility- Change in rates Click here
7 Change in Bank Rate Click here
8 Standing Liquidity Facility for Primary Dealers Click here
9 Review of SLR holdings in HTM category Click here
10. Reserve Bank of India – Bulletin Weekly Statistical Supplement – Click here
Extracts
11. Statement on Developmental and Regulatory Policies Click here
12 Reserve Bank of India signs Bilateral Swap Agreement with Maldives Click here
Monetary Authority
13 Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract Click here
14 Hedging of Gold Price Risk in Overseas Markets Click here
15 Master Direction – Foreign Exchange Management (Hedging of Click here
Commodity Price Risk and Freight Risk in Overseas Markets) Directions,
2022
16 Data Format for Furnishing of Credit Information to Credit Information Click here
Companies and other Regulatory Measures
17 Reserve Bank of India (Financial Statements - Presentation and
Disclosures) Directions, 2021 - Disclosure of material items Click here
18 Sovereign Gold Bond (SGB) Scheme 2022-23 Click here
19 RBI Governor interacts with FinTechs and Industry Associations Click here
20 Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract Click here

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4. COMPLIANCE UNDER OTHER STATUTORY LAWS

Applicable Laws/Acts Timeline / Due Compliance Particulars Forms /

Dates (Filing mode)
EPF (The Employees’ Provident
Funds And Miscellaneous 15.01.2023 PF Payment ECR
Provisions Act, 1952)
ESIC (Employees' State ESI
Insurance Act, 1948) 15.01.2023 ESIC Payment CHALLAN
Return/Notice within 15
Contract Labour (Regulation Within 15 Days of days of commencement/
& Abolition) Act, 1970 commencement/ completion of each
Form VI-B
completion of contract by the Principal
contract work employer

Notice of
Contract Labour (Regulation Within 15 Days of commencement/
& Abolition) Act, 1970 commencement/ completion of contract Form VI-A
completion of work by the Contractor
contract work within 15 days
Within 30 Days of
Payment of Gratuity Rule Notice of applicability of
applicability of the Form A or B
the Act & any change
Act & any change

 UPDATES TRACKER UNDER LABOUR LAWS – DEC., 2022:

Sl. Particulars Link

1 What the recent SC ruling means for Employee Pension Scheme subscribers Click here
2 Provident Fund withdrawal online process: Here is a step-by-step guide Click here
3 Disgruntled PF Account Holders Post Grievances Online, EPFO Responds Click Here
4 Eligibility for higher EPS pension under EPF scheme: All you need to know Click Here
5 Yes Bank files IBC plea against Zee Learn subsidiary Click Here
6 Welfare Scheme for Workers Click here
7 New Labour Code Click here
8 E-Commerce Platform Click here
9 Worked for more than 20 years under EPF scheme? You will get this as Click here
bonus for pension calculation
10 Don't forget to take this EPS pension certificate after leaving your current Click here
job

5. SEBI – SECURITIES EXCHANGE BOARD OF INDIA

1. COMPLIANCE REQUIREMENT UNDER SEBI (LISTING OBLIGATIONS
AND DISCLOSURE REQUIREMENTS) (LODR) REGULATIONS, 2015

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A. Quarterly Compliances:
Sl. Regulation Compliance Particulars Timeline / Due Date Due Dates
No. reference (For the Quarter Ended
(Reg.) December, 2022)
1 27(2) Corporate Governance Report 21 days from end of 21.01.2023
quarter
2 13(3) Statement of Investor Complaints 21 days from end of 21.01.2023
quarter
3 31 (1) (b) Shareholding Pattern 21 days from end of 21.01.2023
quarter
4 32 & 33 Financial Results & Statement of 45 days/60 days from 14.02.2023
deviation end of quarter

B. Half Yearly Compliances:

Sl. Compliance Period
Regulation No. Due Date
No. (Due Date)
1. Regulation The listed entity shall make such disclosures every
23(9) Related 6 months within 15 days from the date of
party publication of its standalone and consolidated Within 15
transactions. financial results: Provided further that the listed days of FR
entity shall make such disclosures every 6 months
on the date of publication of its standalone and
consolidated financial results with effect from
April 1, 2023.

C. Regular / Annual Compliances:

REG NO REGULATIO PARTICULARS TIMELINE
N NO
47 47 (3) Financial results at 47 clause (b) of 48 HOURS
Advertisements Advertisements sub-regulation (1), shall be published
in Newspapers. in Newspapers within 48 hours of conclusion of the
meeting of board of directors at which
the financial results were approved.
24A Secretarial Red 24A Every listed entity and its material
Audit. unlisted subsidiaries incorporated in 60 days
India shall undertake secretarial audit
and shall annex with its annual report,
from the
a secretarial audit report, given by a Closure of
company secretary in practice, in such FY
form as may be specified with effect
from the year ended March 31, 2019.
(within 60 days from the Closure of
FY)
46 Website 46(2)(s) The listed entity shall disseminate the 21 days
following information under a separate prior 1 days
section on its website separate audited prior to the
financial statements of each subsidiary date of AGM

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 of the listed entity in respect of a
relevant financial year, uploaded at
least 21 days prior to the date of the
annual general meeting which has been
called to inter alia consider accounts of
that financial year.]

D. Other Quarterly compliance which included half year compliance except

FR (Financial Results)

Reg No Regulation No Particulars Timeline

Intimation Reg 29 read with intimation regarding item at least 5
Reg 33 specified in clause 29(1) (a) to working days
be discussed at the meeting of in advance,
board of directors shall be excluding the
given at least five days in date of the
advance (excluding the date of intimation and
the intimation and date of the date of the
meeting), and such intimation meeting
shall include the date of such
meeting of board of directors
Intimations and 87B: Intimations The listed entity shall first
Disclosure of and Disclosure of disclose to stock exchange(s)
events or events or of all events or information, as
information to information to specified in Part E of Schedule
Stock Exchanges. Stock III, as soon as reasonably 24 HOURS
Exchanges. possible but not later than
READ WITH twenty four hours from
PART E OF occurrence of the event or
Schedule III information:
Valuation, Rating 87C(1) (iii) An issuer whose security
and NAV receipts are listed on a stock 15 Days
disclosure. exchange shall ensure that: the
net asset value is calculated on
the basis of such independent
valuation and the same is
declared by the asset
reconstruction company within
15 days of the end of quarter.
Other corporate Reg 27(2) The listed entity shall submit a 15 days
governance quarterly compliance report on
requirements. corporate governance in the
format as specified by the
Board from time to time to the
recognised stock exchange(s)
within fifteen days from close
of the quarter.
Indian Depository 69(1) The listed entity shall file with 15 days from
Receipt holding the stock exchange the Indian end of each
pattern & Depository Receipt holding quarter

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Shareholding pattern on a quarterly basis
details. within fifteen days of end of
the quarter in the format
specified by the Board.

E. Event based Compliances

Reg No Regulation Particulars Timeline
No
30 Disclosure 30(6) AND The listed entity shall first disclose to 24 HOURS
of events or Part A of stock exchange(s) of all events, as
information. Schedule III specified in Part A of Schedule III, or
information as soon as reasonably possible
and not later than twenty four hours from
the occurrence of event or information
30 Disclosure 30(6) AND The listed entity shall disclose to the 30
of events or sub-para 4 Exchange(s), within 30 minutes of the MINUTES
information. of Para A of closure of the meeting held to consider the
Part A of following:
Schedule III a) dividends and/or cash bonuses
recommended or declared or the decision
to pass any dividend and the date on which
dividend shall be paid/dispatched;
b) any cancellation of dividend with
reasons thereof;
c) the decision on buyback of securities;
d) the decision with respect to fund raising
proposed to be undertaken
e) increase in capital by issue of bonus
shares through capitalization including the
date on which such bonus shares shall be
credited/dispatched;
f) reissue of forfeited shares or securities,
or the issue of shares or securities held in
reserve for future issue or the creation in
any form or manner of new shares or
securities or any other rights, privileges or
benefits to subscribe to;
g) short particulars of any other alterations
of capital, including calls;
h) financial results;
i) decision on voluntary delisting by the
listed entity from stock exchange(s).
31A: 31A(8) The following events shall deemed to be 24 HOURS
Conditions for material events and shall be disclosed by
re- the listed entity to the stock exchanges as
classification soon as reasonably possible and not later
of any person than twenty four hours from the
as promoter / occurrence of the event:

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public (a) receipt of request for re-classification
by the listed entity from the promoter(s)
seeking re-classification;
(b) minutes of the board meeting
considering such request which would
include the views of the board on the
request;
(c) submission of application for re-
classification of status as promoter/public
by the listed entity to the stock exchanges;
(d) decision of the stock exchanges on
such application as communicated to the
listed entity;
34 Annual 34(1)(b) In the event of any changes to the annual 48 HOURS
Report. report, the revised copy along with the
details of and explanation for the changes
shall be sent not later than 48 hours after
the annual general meeting.]
44 Meetings 44(3) The listed entity shall submit to the stock 48 HOURS
of exchange, within forty eight hours of
shareholders conclusion of its General Meeting, details
and voting regarding the voting results in the format
specified by the Board.
47 47 (3) The listed entity shall publish the
Advertisement Advertiseme information specified in 47(1) in the
s in nts in newspaper simultaneously with the
Newspapers. Newspapers submission of the same to the stock
exchange(s). The same is reproduced
below Simultaneou
47(1) (a) notice of meeting of the board of sly
directors where financial results shall be
discussed (c )statements of deviation(s) or
variation(s) as specified in sub-regulation
(1) of regulation 32 on quarterly basis,
after review by audit committee and its
explanation in directors report in annual
report;
(d) notices given to shareholders by
advertisement
- SCHEDUL resignation of the auditor of the listed 24 HOURS
E III PART entity, detailed reasons for resignation of
PART A auditor, as given by the said auditor, shall
7(A) be disclosed by the listed entities to the
stock exchanges as soon as possible but
not later than twenty four hours of receipt
of such reasons from the auditor
- SCHEDUL In case of resignation of an independent 7 days from
E III PART director of the listed entity, within seven the date of
PART A days from the date of resignation, the resignation

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 7(B) following disclosures shall be made to the
stock exchanges by the listed entities:
i. Detailed reasons for the resignation of
independent directors as given by the said
director shall be disclosed by the listed
entities to the stock exchanges.
ii. The independent director shall, along
with the detailed reasons, also provide a
confirmation that there is no other material
reasons other than those provided.
iii. The confirmation as provided by the
independent director above shall also be
disclosed by the listed entities to the stock
exchanges along with the detailed reasons
as specified in sub-clause (i) above.]
7 Share Reg 7(4) & The listed entity shall intimate any change 7 DAYS
Transfer (5) Share or appointment of a new share transfer
Agent. Transfer agent, to the stock exchange(s) within
Agent. seven days of entering into the agreement.
29 Reg 29(1) The intimation required under 29 (1), shall be at least 2
given at least two working days in advance, working
excluding the date of the intimation and date days in
of the meeting Reg 29(1) is reproduced below: advance,
(b) proposal for buyback of securities ; (c)
excluding the
proposal for voluntary delisting by the listed
entity from the stock exchange(s); (d) fund
date of the
raising by way of further public offer, rights intimation
issue, American Depository Receipts/Global and date of
Depository Receipts/Foreign Currency the meeting
Convertible Bonds, qualified institutions
placement, debt issue, preferential issue or any
other method and for determination of issue
price:
Provided that intimation shall also be given in
case of any annual general meeting or
extraordinary general meeting or postal ballot
that is proposed to be held for obtaining
shareholder approval for further fund raising
indicating type of issuance. (e) declaration/
recommendation of dividend, issue of
convertible securities including convertible
debentures or of debentures carrying a right to
subscribe to equity shares or the passing over
of dividend. (f) the proposal for declaration of
bonus securities where such proposal is
communicated to the board of directors of the
listed entity as part of the agenda papers:

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31 Holding of Reg 31 (1) The listed entity shall submit to the stock 1 day prior to
specified (a) exchange(s) a statement showing holding listing of its
securities and of securities and shareholding pattern securities on
shareholding separately for each class of securities, in the stock
pattern. the format specified by the Board from exchange(s
time to time - one day prior to listing of its
securities on the stock exchange(s);
31 Reg 31 (1 within ten days of any capital restructuring within 10
(c) of the listed entity resulting in a change days of any
exceeding two per cent of the total paid-up capital
share capital: restructuring
31A Reg 31A an application for re-classification of a 30 days from
Conditions for promoter/ person belonging to promoter the date of
re- group to public to the stock exchanges has approval by
classification to be made by the listed entity consequent shareholders
of any person to the following procedures and not later in general
as promoter / than thirty days from the date of approval meeting
public by shareholders in general meeting
37 Draft 37(1) Draft Scheme of Arrangement & Scheme Before filling
Scheme of of Arrangement before for obtaining the same with
Arrangement Observation Letter or No-objection letter, any court or
& Scheme of before filing such scheme with any Court tribunal
Arrangement. or Tribunal, in terms of requirements
specified by the Board or stock
exchange(s) from time to time.
39 Issuance of 39(2) The listed entity shall issue certificates or 30 Days
Certificates or receipts or advices, as applicable, of
Receipts/Lette subdivision, split, consolidation, renewal,
rs/Advices for exchanges, endorsements, issuance of
securities and duplicates thereof or issuance of new
dealing with certificates or receipts or advices, as
unclaimed applicable, in cases of loss or old decrepit
securities. or worn out certificates or receipts or
advices, as applicable within a period of
thirty days from the date of such
lodgement.
39 Issuance of 39(3) The listed entity shall submit information 2 days of its
Certificates or regarding loss of share certificates and getting
Receipts/Lette issue of the duplicate certificates, to the information.
rs/Advices for stock exchange within two days of its
securities and getting information.
dealing with
unclaimed
securities
40 Transfer or 40 (3) On receipt of proper documentation, the 15 days
transmission listed entity shall register transfers of its
or securities in the name of the transferee(s)
transposition and issue certificates or receipts or
of securities. advices, as applicable, of transfers; or

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 issue any valid objection or intimation to
the transferee or transferor, as the case
may be, within a period of fifteen days
from the date of such receipt of request for
transfer
40 Transfer or 40 (3) the listed entity shall ensure that 7 Days
transmission transmission requests are processed for
or securities held in dematerialized mode
transposition within seven days after receipt of the
of securities. specified documents:
40 Transfer or 40 (3) the listed entity shall ensure that 21 Days
transmission transmission requests are processed for
or securities held in physical mode within
transposition twenty one days after receipt of the
of securities. specified documents:
- SCHEDUL In case of minor differences in the 15 Days
E VII: signature of the transferor(s), the listed
TRANSFER entity shall follow the following procedure
OF for registering transfer of securities:
SECURITIE (a) the listed entity shall promptly send to
S (PART B the first transferor(s), via speed post an
(1)) intimation of the aforesaid defect in the
documents and inform the transferor(s)
that objection, supported by valid proof, is
not lodged by the transferor(s) with the
listed entity within fifteen days of receipt
of the listed entity’s letter, then the
securities shall be transferred
42 Record 42(2) The listed entity shall give notice in 7 working
Date or Date advance of atleast seven working days days advance
of closure of (excluding the date of intimation and the intimation
transfer record date) to stock exchange(s) of record excluding the
books. date specifying the purpose of the record date of the
date: intimation
and date of
the meeting
42 Record 42(2) in the case of rights issues, the listed entity 3 working
Date or Date shall give notice in advance of atleast days advance
of closure of three working days (excluding the date of intimation
transfer intimation and the record date).] excluding the
books. date of the
intimation
and date of
the meeting
42 Record 42(3) The listed entity shall recommend or 5 working
Date or Date declare all dividend and/or cash bonuses at days advance
of closure of least five working days (excluding the date intimation
transfer of intimation and the record date) before excluding the
books. the record date fixed for the purpose. date of the
intimation
By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 14
 and date of
the meeting
46 Website 46 (3)(b) The listed entity shall update any change 2 working
in the content of its website within two days
working days from the date of such
change in content.
50 Intimation 50(1) The listed entity shall give prior intimation 11 working
to stock to the stock exchange(s) at least eleven days
exchange(s). working days before the date on and from
which the interest on debentures and
bonds, and redemption amount of
redeemable shares or of debentures and
bonds shall be payable.
50 Intimation 50(3) The listed entity shall intimate to the stock 2 working
to stock exchange(s), at least two working days in days advance
exchange(s). advance, excluding the date of the intimation
intimation and date of the meeting, excluding the
regarding the meeting of its board of date of the
directors, at which the recommendation or intimation
declaration of issue of non-convertible and date of
debt securities or any other matter the meeting
affecting the rights or interests of holders
of non- convertible debt securities or non -
convertible redeemable preference shares
is proposed to be considered.
52 Financial 52 (4) & (5) The listed entity shall, within seven 7 working
Results. working days from the date of submission days
of the information required under sub-
regulation (4), submit to stock
exchange(s), a certificate signed by
debenture trustee that it has taken note of
the contents
52 Financial 52 (4) & (8) The listed entity shall, within two calendar two calendar
Results. days of the conclusion of the meeting of days of the
the board of directors, publish the conclusion of
financial results and statement referred to the meeting
in reg 52 (4), in at least one English
national daily newspaper circulating in the
whole or substantially the whole of India.
57 Other 57(1) The listed entity shall submit a certificate within 2 days
submissions to to the stock exchange within two days of
stock the interest or principal or both becoming
exchange(s). due that it has made timely payment of
interests or principal obligations or both in
respect of the non convertible debt
securities
60 Record 60(2) The listed entity shall give notice in 7 working
Date advance of at least seven working days days advance
(excluding the date of intimation and the intimation
record date) to the recognised stock excluding the

By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 15

 exchange(s) of the record date or of as date of the
many days as the stock exchange(s) may intimation
agree to or require specifying the purpose and date of
of the record date. the meeting
78 Record 78(2) The listed entity shall give notice in notice in
Date. advance of at least four working days to advance of at
the recognised stock exchange(s) of record least 4
date specifying the purpose of the record working days
date
82 Intimation 82(2) The listed entity shall intimate to the stock 2 working
and filings exchange(s), at least two working days in days in
with stock advance, excluding the date of the advance,
exchange(s). intimation and date of the meeting, excluding the
regarding the meeting of its board of date of the
trustees, at which the recommendation or intimation
declaration of issue of securitized debt and date of
instruments or any other matter affecting the meeting,
the rights or interests of holders of
securitized debt instruments is proposed to
be considered.
82 Intimation 82(3) The listed entity shall submit such within 7 days
and filings statements, reports or information
with stock including financial information pertaining
exchange(s). to Schemes to stock exchange within
seven days from the end of the month/
actual payment date, either by itself or
through the servicer, on a monthly basis in
the format as specified by the Board from
time to time:
Provided that where periodicity of the
receivables is not monthly, reporting shall
be made for the relevant periods.
87 Record 87(2) The listed entity shall give notice in 7 working
Date. advance of atleast seven working days days advance
(excluding the date of intimation and the intimation
record date) to the recognised stock excluding the
exchange(s) of the record date or of as date of the
many days as the Stock Exchange may intimation
agree to or require specifying the purpose and date of
of the record date the meeting
87E Record 87E(2) The listed entity shall give notice in 7 working
Date. advance of at least seven working days days advance
(excluding the date of intimation and the intimation
record date) to the stock exchange(s) of excluding the
the record date or of as many days as the date of the
stock exchange may agree to or require intimation
specifying the purpose of the record date. and date of
the meeting

By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 16

6. SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011

Securities and Exchange Board of India (SEBI) vide notification / Circular No.
SEBI/HO/CFD/DCR1/CIR/P/2020/49 issued and publish dated 27th March 2020, has
published Relaxation from compliance with certain provisions of the SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic".

Compliance Period
Sl. Regulation No. Compliance Particular (Due Date)
No.
Every person, who together with
1 Regulation 30(1) persons acting in concert with Omitted
him, holds shares or voting rights through introduction of
entitling him to exercise 25% or SEBI (Substantial
more of the voting rights in a Acquisition of Shares and
target company, shall disclose Takeovers) (Second
their aggregate shareholding and Amendment)
voting rights as of the 31st day of Regulations, 2021
March, in such target company in
such form as may be specified. Applicable w.e.f.
The promoter of every target 01.04.2022
company shall together with
persons acting in concert with
2 Regulation 30(2) him, disclose their aggregate
shareholding and voting rights as
of the thirty-first day of March, in
such target company in such form
as may
Regulation 31(1) read The promoter of every listed
with Regulation 28(3) of company shall specifically within 2 (two) working
Takeover Regulations disclose detailed reasons for days
AUGUST 7, 2019 encumbrance if the combined
3. CIRCULAR encumbrance by the promoter (Provision Insertion:
https://www.sebi.gov.in/ “Provided that the
legal/circulars/aug-2019/ along with PACs with him equals
aforesaid disclosure
disclosure-of-reasons-for- or exceeds: a) 50% of their
requirement shall not be
encumbrance-by-promoter-of- shareholding in the company; or
listed-companies_43837.html b) 20% of the total share capital of applicable where such
encumbrance is undertaken
the company, in a depository”)

Promoter of every target

4. Regulation 31(4)
By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com
Disclosure of encumbered shares
company shall together
with persons acting in
concert with him, disclose
their aggregate
shareholding and voting
rights as of the 31st
March, in such target
company in such form as
may be specified
Page 17
7. SEBI (Prohibition of Insider Trading) Regulations, 2015
Compliance Period
Sl. Regulation No. Compliance Particular (Due Date)
No.
Every promoter, employee and director of Every company shall
every company shall disclose to the notify; within two
company the number of such securities trading days of receipt
acquired or disposed of within two trading of the disclosure or from
Regulation 7(2) days of such transaction if the value of the becoming aware of such
1 “Continual securities traded, whether in one information
Disclosures”
transaction or a series of transactions over
any calendar quarter, aggregates to a
traded value in excess of ten lakh rupees
(10,00,000/-) or such other value as may
be specified;

8. SEBI (Issue of Capital and Disclosure Requirements) Regulations,

2018

Sl. Compliance Period

Regulation No. Compliance Particular
No. (Due Date)

“The issuer shall make an application for

listing from the date of allotment, within
such period as may be specified by the
Board from time to time, to one or more
Schedule XIX - Para recognized stock exchange(s)”.
Within 20 days from
(2) of ICDR
the date of allotment
Read with Reg 108 of In regard to above, it is specified that
1 SEBI LODR Issuer shall make an application to the
exchange/s for listing in case of further
issue of equity shares from the date of
allotment within 20 days (unless
otherwise specified).

The tenure of the convertible securities of

Within 18 months
2 Regulation 162 the issuer shall not exceed eighteen
from date of allotment
months from the date of their allotment.

SEBI CIRCULAR Application for trading approval to the

Aug 19, 2019
https://www.sebi.gov.in/legal/
circulars/aug-2019/non-
3 stock exchange/s within 7 working days
compliance-with-certain-
provisions-of-sebi-issue-of-
capital-and-disclosure-
requirements-regulations-2018-
icdr-regulations-_43941.html
4 Regulation 76
stock exchange Listed entities shall make
Within 7 working
an application for trading approval to the
days from grant of
date of listing
from the date of grant of listing approval
approval
by the stock exchange/s.
The issuer along with lead managers and other parties related to

By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 18

 the issue shall constitute an optional mechanism (non-cash mode
Application for rights only) to accept the applications of the shareholders to apply to
issue rights issue subject to ensuring that no third-party payments shall
be allowed in respect of any application.
In case if the company fails to adhere to modes of dispatch
through registered post or speed post or courier services due to
Covid-19 conditions it will not be treated as non-compliance
Regulation 77
5. during the said period. The issuers shall publish required &
Service of Documents
necessary documents on the websites of the company, registrar,
stock exchanges and the lead managers to the rights issue.

Issuer has the flexibility to publish the advertisement in

additional newspapers above those required in Regulation 84.
The advertisement should also be made available on:
Regulation 84
A. Website of the Issuer, Registrar, Lead Managers, and Stock
6
Advertisement Exchanges.

B. Television channels, radio, the internet, etc. to spread

information related to the process.

9. SEBI (Buyback of Securities) Regulations, 2018 (Buyback Regulations)

Sl. Regulation No. Compliance Particular Compliance Period

No. (Due Date)

Extinguishment of equity shares in

connection with Buyback The particulars of
the security certificates extinguished and 7 days of extinguishment
destroyed shall be furnished by the and destruction of the
Regulation 11 company to the stock exchanges where the certificates
1 and 24(iv) shares or other specified securities of the
company are listed within seven days of
extinguishment and destruction of the
certificates
Temporary relaxation in the
period of restriction
Regulation provided in Regulation 24(i)
2 24(i) (f) Minimum time between buy back and (f) from “one year” to “six
raising of funds months”
Applicable up to December
31, 2020 only

10. SEBI (Depositories and Participants) Regulations 2018)

Sl. No. Compliance Particulars Due Date

Regulation 76 - Reconciliation of Shares and Within 30 days from end

By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 19

 1. Capital Audit of quarter.
Regulation 74 (5): Processing of demat requests Within 15 days from the
2. form by Issuer/RTAs - Certificate Received from end of each quarter.
Registrar

 SEBI Circulars Tracker: December, 2022

Sl. Particulars Link
1. Review of timelines for listing of securities issued on Private Placement
basis – Chapter VII of the Operational Circular issued under SEBI (Issue and Click Here
Listing of Non-Convertible Securities) Regulations, 2021
2. Net Settlement of Cash segment and Futures & Options (F&O) segment Click Here
upon expiry of stock derivatives
3. Inclusion of Equity Exchange Traded Funds as list of eligible securities Click Here
under Margin Trading Facility
4. Extension of timeline for implementation of Standardized Industry
Classification by CRAs Click Here
5. Updated Operational Circular for listing obligations and disclosure
requirements for Non-convertible Securities, Securitized Debt Instruments
and/ or Commercial Paper – Modifications in Chapter IV and Introduction of Click Here
Chapter XII on Scheme(s) of Arrangement by entities who have listed their
NCDs/ NCRPS
6. Securities and Exchange Board of India (Listing Obligations and Disclosure Click Here
Requirements) (Seventh Amendment) Regulations, 2022
7. Securities and Exchange Board of India (Listing Obligations and Disclosure Click Here
Requirements) Regulations, 2015 [Last amended on December 5, 2022]
8. “SEBI Order for Compliance" – Demand Notice for RC No. 6096 of 2022 Click Here
against Safal Capital (India) Ltd. in the matter of Safal Capital (India) Ltd.
9. Clarification - Scheme(s) of Arrangement by entities who have listed their
Non-convertible Debt securities (NCDs)/ Non-convertible Redeemable Click Here
Preference shares (NCRPS) (‘debt listed entities’)
10. Foreign investment in Alternative Investment Funds (AIFs) Click Here
11. Status of SCORES complaints as on November 30, 2022 Click Here
12. Informal Guidance request received from TCM Limited on applicability of
corporate governance provisions as specified in the SEBI (LODR) Click Here
Regulations, 2015
13. Buybacks - Triveni Engineering & Industries Limited Click Here
14. Informal Guidance request received from Sky Industries Limited on
applicability of corporate governance provisions as specified in the SEBI Click Here
(LODR) Regulations, 2015
Performance Benchmarking and Reporting of Performance by Portfolio
15. Managers Click Here
16 Framework for Orderly Winding Down of Critical Operations and Services Click Here
of a Clearing Corporation
17 Applicability of SEBI circular on Principles of Financial Market Click Here
Infrastructures (PFMIs) to AMC Repo Clearing Limited
18 SEBI initiates Study of fees and expenses charged by Mutual Funds Click Here
19 Order in the matter of Unregistered Investment Advisory Services by Capital Click Here
Solutions Proprietor Manish Dubey
By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 20
20 SEBI publishes Consultation Paper on strengthening the Investor Grievance
Redressal Mechanism in the Indian Securities Market by harnessing Online Click Here
Dispute Resolution mechanisms
21 SEBI issues directions to stock exchanges in Commodities Derivative
Segment Click Here
22 SEBI Board Meeting Click Here
23 IDFC Fixed Term Plan - Series 201 to 202 Click Here
24 Clarification to SEBI circular dated August 04, 2022 on enhanced guidelines
for debenture trustees and listed issuer companies on security creation and Click Here
initial due diligence
25 Consultation paper on strengthening the Investor Grievance Redressal
Mechanism in the Indian Securities Market by harnessing Online Dispute Click Here
Resolution mechanisms
26 Master Circular for Foreign Portfolio Investors, Designated Depository Click Here
Participants and Eligible Foreign Investors

11. COMPLIANCE REQUIREMENT UNDER COMPANIES ACT, 2013

AND RULES MADE THEREUNDER;

Applicable Due Dates Compliance Particulars Forms / Filing

Laws/Acts mode

A person having Significant beneficial

owner shall file a declaration to the
reporting company
http://www.mca.gov.in/Ministry/pdf/
CompaniesOwnersAmendmentRules_08
020219.pdf
First
i.e. within 90 days of the
declaration
commencement of the Companies Form BEN-1
within 90 days
Companies (Significant Beneficial Owners)
from the date Draft Format
Act, 2013 Amendment Rules, 2019 i.e. 08.02.2019
of notification available at
Dt. 08.02.2019 LINK
In case Subsequent Acquisition of the
title of Significant Beneficial Owner /
Any Change therein a declaration in
Form No. BEN-1 required to be filed to
the reporting company, within 30 days
of acquiring such significant beneficial
ownership or any change therein.

The Ministry in its General Circular No.

Within 15 days 12/2018 dated 13th December, 2018
Companies of appointment clarified that filing of Form NFRA-1 is E – Form
Act, 2013 of an auditor. applicable only for Bodies Corporate NFRA -1
and ruled out filing by Companies as
defined under sub-section (20) of
Section 2 the Act.

By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 21

 Within 30 days Filing of resolutions with the ROC
Companies of the board regarding Board Report and Annual MGT-14
Act, 2013 meeting Accounts. The details of the resolutions (Filing of resolution
with MCA)
passed should be filed.

within a period IEPF Authority (Accounting, Audit,

of 60 days Transfer and Refund) Second
after the Amendment Rules, 2019 Statement of
Companies holding unclaimed and unpaid amounts.
Act, 2013 of AGM This e-form shall be filed within a IEPF -2
period of 60 days after the holding of
AGM or the date on which it should
have been held as per the provisions of
section 96 of the Act, whichever is
earlier

 Important Updates – December, 2022

Sl. Particulars of the Circulars Link

In our continuous endeavour to serve you better, the Ministry of
Corporate Affairs is launching Second set of Company Forms covering
56 forms in two different lots on MCA21 V3 portal. 10 out of 56 forms
will be launched on 09th January 2023 at 12:00 AM and the remaining
46 forms on 23rd January 202. Following forms will be rolled-out on
09th January 2023: SPICe+ PART A, SPICe+ PART B, RUN, AGILE
PRO-S, INC-33, INC-34, INC-13, INC-31, INC-9 and URC-1. Click
here to view list of 46 forms which will be rolled-out on 23rd January
2023. To facilitate implementation of these forms in V3 MCA21 portal,
stakeholders are advised to note the following points: (1) Company e-
Filings on V2 portal will be disabled from 07th January 2023 12:00 AM
1 to 08th January 2023 11:59 pm for 10 forms which are planned for roll-
out on 09th January 2023. (2) Company e-Filings on V2 portal will be Click Here
disabled from 07th January 2023 12:00 AM to 22nd January 2023 11:59
pm for 46 forms which are planned for roll-out on 23rd January 2023.
(3) All stakeholders are advised to ensure that there are no SRNs in
pending payment and Resubmission status. (4) Offline payments for the
above 56 forms in V2 using Pay later option would be stopped from
28th December 2022 12:00 AM. You are requested to make payments
for these forms in V2 through online mode (Credit/Debit Card and Net
Banking). (5) In view of the upcoming launch of 56 Company forms, V3
portal will not be available from 07th January 2023 12:00 AM to 08th
Jan 2023 11:59 pm due to 10 company forms roll-out and from 21st
January 2023 to 22nd January 2023 for 46 company forms roll-out. (6)
V2 Portal for company filing will remain available for all the forms
excluding above mentioned 56 forms. Stakeholders may plan
accordingly.

2 Publication of notice u/s 75 of the LLP Act, 2008 read with Rule 37 (2) Click Here
of Limited Liability Partnership Rules, 2009
3 New company registration system to be in place by December Click Here
By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 22
 4 3,560 companies in India have Chinese directors: What Modi govt Click Here
revealed in Parliament
5 M&A approvals: MCA and CCI differ over ‘working’ vs ‘calendar’ days Click Here
6 MCA Secretary Manoj Govil nominated as SEBI Board Member Click Here
7 Competition Bill: Standing Committee on Finance summons MCA Click Here
officials on Nov 29
8 Government seeks proposals to privatise NMDC's Steel Plant Click Here

12. IBBI UPDATES {INSOLVENCY AND BANKRUPTCY

BOARD OF INDIA}
 Important Notifications and Circulars Tracker (December, 2022)

Sl. Particulars Link

1 Is the government strategically manoeuvring the IBC? Click here
2 Circular in works on tax recovery from cos under IBC Click here
3 Govt to amend insolvency law to reduce time taken for resolution process Click here
4 Bad loans & IBC: Going as expected Click here
5 Insolvency Professional to act as Interim Resolution Professionals, Liquidators, Click here
Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second)
Guidelines, 2022
6 IBC changes on agenda to speed up resolution; bill likely to be introduced in
Budget Session Click here
7 Government to amend insolvency law to reduce time taken for resolution Click here
process
8 IBBI Penalises 6 Insolvency Professionals in November for Not Following IBC Click here
Procedure
9 Liquidation Processes Ending with Order of Dissolution/Closure: As on 31st Click here
October, 2022
10 The Insolvency and Bankruptcy Board of India Research Initiative, 2019
(Updated as on 30th November, 2022) Click here
11 IBBI chief bats for putting valuation of IBC entities in public domain Click here
12 IBBI expected to introduce two key changes to the Insolvency Law: Report Click here

13. Cabinet Decisions / New Acts

Sl. Particulars Link
1 Significant Improvement in payment of GENCO dues with the implementation Click here
of Electricity (LPS and Related Matters) Rules, 2022
2 The Digital Personal Data Protection Bill 2022 Click here
3 Schemes for Educational and Economic Empowerment of Minorities Click here
4 State cabinet rejects renewal of incentive scheme for wine industry Click here
5 Amendments in EPA, 1986 Click here
6 Status of the National Water Framework Bill, 2016 Click here
7 Uniform Code of Pharmaceutical Marketing Practices (UCPMP) Click here
By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 23
 8 Implementation of Seed Scheme Click here
9 Key Initiatives and Achievements of the Department of Social Justice and Click here
Empowerment
10 Union Cabinet approves revision of pension of Armed Forces Click here
Pensioners/family pensioners under One Rank One Pension w.e.f. July 01, 2019
11 MoS Shri Rajeev Chandrasekhar holds public consultation with over 200 Click here
Stakeholders on DPDP Bill 2022
12 Objective of Amendment in Information Technology Rules Click here

-------------------------------------------------------------------------------------------------------------
This Calendar / Compliance Tracker is updated till 31 st December, 2022 with all
Laws / Regulations and their respective amendments.
----------------------------------------------THE END----------------------------------------------------
Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of
this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect,
special or incidental damage resulting from or arising out of or in connection with the use of this
information. Many sources have been considered including newspapers (ET, BS & HT etc.).
Feel free to share your suggestions / opinions at cslalitrajput@gmail.com

By CS Lalit Rajput, +91 8802581290 / cslalitrajput@gmail.com Page 24