The Bombay Stock Exchange on 7th September 2022, has issued a clarity on use of digital signature certificate for announcements submitted by listed companies. In its earlier notification on the Use of digital signature certificate for announcements submitted by listed companies” had informed the listed companies regarding application of digital signature certification for authentication of documents / filings made by listed companies to Stock Exchange(s).
Presently, listed companies shall submit all corporate announcements using DSC in compliance with the BSE Circular except for the following mentioned in the Circular: ·
- Outcome of Board meeting which includes only financial result;
- Any disclosure in which document(s) issued by entities other than listed company is/are included (For e.g., Auditors certificate, NCLT / other court’s order, Credit Rating, Resignation letter copy of a director, etc.);
- Newspaper Advertisement; and
- Any other disclosure(s) as specified by Stock Exchanges from time to time
BSE has clarified the examples of non-admissible signatures under the BSE Circular: The Non-admissible signatures include but are not limited to physical signature, image pasted of signature, signature in Sd/- format, copy pasted signature, etc.
Further it has clarified, that the Disclosure(s) submitted in contravention to the requirements of the BSE Circulars shall be treated as non-compliance and the listed entity shall re-submit the said announcement adhering to the aforementioned requirements on immediate basis.
