– Business Responsibility Reporting to be substituted with Business Responsibility and Sustainability Reporting (BRSR).
– BRSR reporting to become applicable to top 1000 listed companies on a voluntary basis for FY 2021-22 and on a mandatory basis from FY 2022-23.
– Formulation of Dividend Distribution Policy has been extended to top 1000 listed companies from 500 listed companies.
Timeline for submission of IGR, SHP, CGR harmonized i.e. within 21 days of each quarter.
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Frequency of submission of compliance certificates relating to share transfer
facility and issuance of share certificates within 30 days of lodgement for
transfer, sub-division, etc. is revised from half-year to annual.
Newspaper ad for Notice of BM for financial results dispensed with.
Constitution of Risk Management Committee to be applicable to top 1000 listed entities.
– RMC should have at least three members with a majority to be BOD and at least one Director should be Independent.
The role of the RMC has been specified which, inter-alia, includes the formulation
of a detailed risk management policy and monitoring its implementation;
periodic review of such policy; review of the appointment, removal and terms
of remuneration of the Chief Risk Officer (if any), etc.
Audio/video recording should be disclosed before the next trading day or within 24 hours, whichever is earlier.
– Written transcripts of Investor meetings to be disclosed within 5 working days.