Published on Saturday, April 14, 2018 by Chittorgarh.com Team | Modified on Thursday, May 23, 2019
Small & Medium Enterprise (SME) is the backbone of Indian economy. There are over 5 Cr SMEs in India. SMEs contribute to over 8.5% in GDP.
SEBI approved SMEs to raise funds through public issues (SME IPO) in 2011. Since then many companies got listed at the SME platform of BSE and NSE Exchanges. So far a very small number of entrepreneurs showed interest in getting listed. Following are few common perceptions promoters have:
But in reality, that's not true.
Here is the list of post-listing compliance's for SME Platform Listed companies:
|1||Notice of Book Closure/Record Date||At least once in|
|Notice in advance of record date At least Seven Working Days|
|2||Notice of Board Meeting||N.A.||At least 2 working days prior to each meeting where dividend, bonus,|
FPO and Buy Back to be considered.
At least 7 clear calendar days prior to each meeting where financial
results to be considered.
The outcome to be informed within 15 minutes of closure of the Board
Recommend or declared dividend and/or cash bonuses at least 5 days
before the commencement of Book Closure/Record Date
|3||Annual Report||Annual||As soon as it is issued.|
|4||Shareholding Pattern||Half Yearly||Within 21 days from the end of each half year as per the format specified|
|5||Financial Results||Half Yearly||It should be sent within 15 minutes from the closure of the meeting in|
the format specified
|5a||1st Half Year||Should be accompanied by Limited Review Report and to be submitted|
within 45 days of the end of the first half year
|5b||2nd Half Year||Should be accompanied by Audit Report and to be submitted within 60|
days of end of the second half-year / financial year.
|6||Corporate Governance Report||Quarterly||Within 15 days from the end of each quarter|
|7||Reconciliation of Share Capital Audit Report||Quarterly||Within 1 month from the end of each quarter. (To be obtained from PCA or|
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