SEBI’s new compliance framework cuts red tape with unified filing system for listed firms

The Securities and Exchange Board of India (SEBI) has rolled out a new compliance framework aimed at simplifying reporting for listed entities. The integrated filing system, which consolidates multiple filing requirements, will come into effect for submissions related to the quarter ending December 31, 2024, and onwards.

The move is designed to reduce the compliance burden on listed companies by unifying various periodic filing requirements under the Listing Obligations and Disclosure Requirements (LODR) regulations.

SEBI’s circular stated that the change was implemented following recommendations from an expert committee that reviewed the LODR norms.

Under the new system, governance-related filings such as investor grievance redressal statements and corporate governance compliance will need to be submitted within 30 days of the quarter’s conclusion.

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Meanwhile, financial filings—covering related-party transactions and quarterly results—must be submitted within 45 days, with a 60-day deadline for year-end filings.

The revised framework also mandates the quarterly disclosure of specific material events, such as updates on tax litigations, minor penalties, and acquisitions exceeding prescribed thresholds. These disclosures will now be included in the integrated filing format, simplifying reporting and ensuring consistency across filings.