9. SME IPO Post Listing Compliance

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SME IPO post-listing requirements include filing a reconciliation of share capital, share ratios, financial results, management compensation structure, codes and policies, and more.

Content:

Quarterly Compliance for SME IPO
Half-Yearly Compliance for SME IPO
Annual Compliance for SME IPO
Event-Based Compliance for SME IPO

After listing, the listed SME must comply with the rules set by the regulator. This includes submitting the documents in due time. These post-listing requirements include filing documents on share capital reconciliation, shareholding ratios, financial results, management compensation structure, codes and policies, and more.

The main legal documents that the issuer must submit after listing the shares are as follows:

Semi-annual financial results
Share ownership structure (semi-annually).
Statement of deviation or change in the use of proceeds/issue.
Important corporate announcements such as. Change in management, expansion programme, etc.
Quarterly, semi-annual and annual disclosures.

Following the listing, the issuer company must submit the subsequent paperwork and follow all the relevant laws quarterly, half-yearly and annually.

1. Quarterly Compliance for SME IPO

S. No.	Regulation	Period Cover	Time limit of filling
1.	Regulation 13 (3):Pending, received, disposed, and unresolved Investor queries/complaints need to be completed	April to JuneJuly to SepOct to DecJan to March	Every quarter, within 21 days of the end of the quarter.
2.	Reconciliation of share capital audit report includes the reconciliation of the following:Total issued capital & listed capital.Capital held by depositories in DEMAT.Changes in share capital (quarterly) details.In principle approval obtained by the issuer from all stock exchanges.This report needs to be submitted on a timely basis to the board, SEBI and the exchange.	April to JuneJuly to SepOct to DecJan to March	Within 30 days from the end of every quarter.

2. Half-Yearly Compliance for SME IPO

S. No.	Regulation	Period Cover	Time limit of filling
1.	As per Regulation 31 (1)(b) Shareholding Pattern (Details of promoters holding in the company), needs to be updated to RoC, SEBI and intimation sent to the exchanges.	April to SeptOct to March	Within 21 days from the end of the relevant half year.
2.	Regulation 32(8) requires companies to declare theStatement of deviation or variation in the utilization of proceeds/object of issue.	April to SeptOct to March	Within 45 days from the end of the relevant half year.
3.	Regulation 33(5) requires companies to file Financial Results in a timely manner. Additionally, a press release needs to be issued to exchanges and to SEBI apart from RoC.	April to SeptOct to March	Within 45 days from the end of the relevant half year.

3. Annual Compliance for SME IPO

S. No.	Regulation	Period Cover	Time limit of filling
1.	Regulation 34(1) requires complete (Financial Statements) to be submitted.	Once in a year	Not later than the day of commencement of dispatch to its shareholders
2.	Regulation 40 (10) (Listing Obligations and Disclosures) requires all obligations (outstanding and fulfilled) to be mentioned. It also requires companies to spell out the disclosures and their impact.	Once in a year	Within 30 days from the end of the financial year

4. Event-Based Compliance for SME IPO

S. No.	Regulation	Period Cover	Time limit of filling
1.	Regulation 7 (5) – Intimation of appointment of Share Transfer Agent should be done to RoC, SEBI, exchanges and investors.	Event-based	Within 7 days of Agreement with RTA.
2.	Regulation 28 (1) – In-Principle approval for the financial instrument to be launched.	Event-based	Prior to Issuance of Security.
3.	Regulation 29 (1) (a) – Prior Intimations of Board Meeting for Financial Result needs to be given to authorities and investors.	Event-based	At least 5 clear days in advance (excluding the date of the intimation and date of the meeting).
4.	Regulation 29(3) – Prior Intimations of Board Meeting for alteration in nature of securities needs to be given to authorities and investors.	Event-based	At least 11 clear working days in Advance
5.	Regulation 30(6) – Disclosure of events specified in Part A of Schedule III (Material events) needs to be given to authorities and investors.	Event-based	Not later than 24 hours from the occurrence of an event.
6.	Regulation 42(2) – Record date or Date of closure of transfer books needs to be given to authorities and investors.	Event-based	At least 7 clear working days in advance (excluding the date of intimation and the record date).
7.	Regulation 44(3) – Voting results by shareholders need to be given to authorities and investors.	Event-based	Within 2 working days of the conclusion of Meeting
8.	Regulation 45(3) – Change in the name of the listed entity needs to be given to authorities and investors.	Event-based	Prior approval (before filing a request for a name change with ROC)