Certification on Reconciliation of Share Capital

As per Regulation 55A (1) of SEBI (Depositories and Participants) Regulations, 1996, every issuer company providing any of its security on a recognized stock exchange whether it is shares, debentures or some other, are compulsorily needed to submit the details of- the concerned Stock Exchange, wherein the issuer companies securities are listed, the audit report by a 'practicing company secretary or qualified chartered accountant’, in respect of:

Reconciliation of the listed capital, the total issued capital and the capital which is held by depositories in dematerialized form,
The particulars of revision in share capital during the quarter and
In principle consent acquired by the issuer from every stock exchange where it is recorded in regard to such additionally issued capital.

As per Regulation 55A (2) of SEBI (Depositories and Participants) Regulations, 1996:

The audit report under sub-regulation (1) will likewise give the updated status of the register of individuals of the issuer
Confirm that security has been according to demands within 21 days from the date of receipt of the request by the issuer and
Where the dematerialization has not been affected inside the said designated period, the report will uncover the explanations behind such postponement.

However, with the opening of Companies (Prospectus & Allotment) Third Amendment Rules, 2018 announced on 10.09.2019 and active from 02.10.2018, reconciliation is required for the 'unlisted public companies on a half-yearly basis.'

Applicability?

Every Listed and Unlisted Public Company is required to get this certification in respect of the reconciliation of share capital held by the company with its depositories held in DEMAT form.
Such certification is needed to acknowledge to the excised Stock Exchange(s) where its securities are listed
The certificates are required to be acknowledged within 30 days for listed companies and within 30 days for unlisted public companies at the end of each half-year.

Due Dates for Listed Companies

QUARTERS	DUE DATES
1st Quarter (1st April to 30th June)	30th July
2nd Quarter (1st July to 30th September)	30th October
3rd Quarter (1st October to 31st December)	30th January
4th Quarter (1st January to 31st March)	30th April

Due Dates for Unlisted Public Companies

HALF YEAR

DUE DATES

1st Half Year

(1st April to 30th September)

30th October

2nd Half Year

(1st October to 31st March)

30th April

The NeuSource Startup Minds official the best Business Startup Consultant offer services like Proprietorship Firm Registration, Partnership Firm Registration, OPC Registration, ARC Registration, GST Registration, LLP Registration, Trademark registration, FSSAI Licence, ISO Registration, Accounting Services, NITI AAYOG Registration

18 Mar

Shruti

“An idea can change your life”: Well it’s true! I am glad that India is rising its way towards startup culture. It has literally pushed people to at least give it a try and not just live in a bubble. Being an entrepreneur you need a team and Neusource is there to help you and to raise your startup.