Reconciliation of Share Capital Audit Report – SEBI LODR

July 2, 2023 all-day


Listed entities are required to submit Reconciliation of Share Capital Audit Report on a quarterly basis to the stock exchanges audited by a qualified chartered accountant or a practicing company secretary for the purpose of reconciliation of share capital held in depositories and in physical form with the issued / listed capital.


As per format available in the website of NSE and BSE


Any non-compliance by the Issuer Company shall be viewed seriously and suitable action shall be initiated under the Depositories Act, 1996 against the Issuer Company and its Directors As per Section 20 of the Depositories Act, 1996 whoever contravenes or attempts to contravene or abets the contravention of the provisions of the Act or any regulations or bye-laws made thereunder shall be punishable with imprisonment for a term which may extend to ten years, or with fine which may extend to twenty five crore rupees, or with both. Sub-section (1) of Section 21 of the Depositories Act, 1996 provides that where an offence under the Act has been committed by a company, every person who at the time the offence was committed was in charge of, and was responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly.

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