The Securities and Exchange Board of India on 26th October 2021 has published the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2021 to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.
Through this amendment, it has been notified that the issuer shall submit their audit report on a quarterly basis, to the concerned stock exchanges audited by a practicing Cost Accountant
As per regulation 76(1) Every issuer shall submit audit report on a quarterly basis, to the concerned stock exchanges audited by a qualified Chartered Accountant or a practicing Company Secretary, or practicing Cost Accountant for the purposes of reconciliation of the total issued capital, listed capital and capital held by depositories in dematerialized form, the details of changes in share capital during the quarter and the in-principle approval obtained by the issuer from all the stock exchanges where it is listed in respect of such further issued capital.
