ICSI:
The Institute of Company Secretaries of India, in consultation with the Stock Exchanges, has developed the Format for Certificate under Regulation 40 (9) and Certificate under Regulation 7(3) of SEBI Listing Regulations 2015.
Regulation 40(9) of SEBI Listing Regulation, 2015:
The listed entity shall ensure that the share transfer agent and/or the in-house share transfer facility, as the case may be, produces a certificate from a Practicing Company Secretary within one month of the end of each half of the financial year, certifying that all certificates have been issued within thirty days of the date of lodgement for transfer, sub-division, consolidation, renewal, exchange or endorsement of calls/allotment monies.
Regulation 7(3) of SEBI Listing Regulation, 2015:
The listed entity shall submit a compliance certificate to the exchange, duly signed by both the compliance officer of the listed entity and the authorised representative of the share transfer agent, wherever applicable, within one month of end of each half of the financial year, certifying compliance with the requirements of sub- regulation (2).
INSOLVENCY AND BANKRUPTCY CODE, 2015:
The Insolvency and Bankruptcy Code, 2015 was introduced in Lok Sabha on 21 December, 2015 and the same was referred to a Joint Parliamentary Committee of both the Houses of Parliament for examination. The Committee presented its report to Lok sabha on April 28, 2016 and laid the same in Rajya Sabha on the same day.
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