NSE asks companies to file corp governance, results online

Top stock exchange NSE has informed listed companies that it will not accept physical documents related to corporate governance, shareholding pattern, financial results and annual reports, from January 29.

PTI| Last Updated: Jan 24, 2016, 19:38 PM IST
NSE asks companies to file corp governance, results online

Mumbai: Top stock exchange NSE has informed listed companies that it will not accept physical documents related to corporate governance, shareholding pattern, financial results and annual reports, from January 29.

Instead, the bourse has asked listed entities to submit the filings through the exchange's online system 'NSE Electronic Application Processing System (NEAPS)' and has facilitated modules for the purpose.

NSE's decision is in line with capital market regulator Sebi's latest listing norms issued last year that require listed entities to file the reports, statements, documents, filings and any other information on the electronic platform of the recognised stock exchanges.

"The exchange will not accept any physical copy/fax/emails from January 29, 2016 and the same will not be treated as compliance as per the listing regulations, 2015," NSE said in a notification to the companies.

"The companies are required to file these information through NEAPS only," it added.

Among others, the companies listed on the National Stock Exchange (NSE) would be required to electronically file information on corporate governance, shareholding pattern, financial results, investor grievance, share transfer agent, reconciliation of share capital audit and annual report.

Earlier, the stock exchange had also decided to do away with physical submission of files related to corporate announcements, board meetings, corporate actions and insider trading by listed companies. The same was implemented from January 4, this year.