SEBI Mandates BR Report for Top 1,000 Listed Companies
SEBI
Image source: Shutterstock

According to reports, the market regulator Securities and Exchange Board of India (SEBI) has decided to mandate the preparation of the annual business responsibility report (BRs) for companies in the top 1,000 listed companies.

The report shall include the listed entities’ shareholder relationships, social, environment and corporate governance.

As of now, only the top 500 companies are required to prepare the BRs. The companies are ranked based on market capitalisation on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Also Read: SEBI Raises Minimum Investment Limit in PMS to Rs.50 Lakh

In a statement, the market regulator said that “The board of SEBI approved a proposal to extend the applicability of Business Responsibility Reporting to top 1,000 listed securities”.

The decision was made to ensure transparency in the activities concerned with the environment and also to improve the listed companies’ compliance with the corporate governance norms.

The last time the market regulator had issued a notification on the same was in December 2015 where BR reporting was made mandatory for the top 500 companies.

The top 1,000 companies listed will be based on the market capitalisation at the end of every financial year, i.e. March. 

You May Also Like

Taxation of dividend income received on or after 1 April 2020 (FY 2020-21)

You may receive a dividend from your equity or mutual fund investments.…
GSTR-9

CBIC has notified an extension of two months to various GST compliance

The government of India has notified yet another extension for the completion…
Gold Jewellery

24K Gold Rate in India for November 2019: Week 4

The fourth week began with the gold rate in India holding at…

Due date to file annual GSTR-4 for FY 2019-20 gets further extended

The government has further pushed the deadline to file the brand new…