Description

BSE extends the deadline for trading members and clearing members to submit their annual audited networth certificates, auditor's reports, and audited annual accounts for the financial year 2024-25.

Summary

BSE has issued a circular extending the deadline for trading members and clearing members to submit their annual audited networth certificates, auditor’s reports, and audited annual accounts for the financial year 2024-25. This extension provides additional time for members to comply with regulatory filing requirements.

Key Points

  • Extension granted for submission of annual audited networth certificate
  • Applies to auditor’s report and audited annual accounts for FY 2024-25
  • Relevant for BSE trading members and clearing members
  • Provides additional time for regulatory compliance

Regulatory Changes

No new regulatory requirements introduced. This circular modifies the timeline for existing compliance obligations under SEBI regulations regarding maintenance and submission of networth certificates and audited financial statements by stock exchange members.

Compliance Requirements

Trading members and clearing members must:

  • Submit annual audited networth certificate for FY 2024-25
  • Provide auditor’s report for the financial year
  • Submit audited annual accounts
  • Comply with the extended deadline as specified in the circular

Important Dates

  • Circular Date: October 31, 2025
  • Financial Year: 2024-25
  • Extended deadline: As specified in the detailed circular

Impact Assessment

The extension provides relief to trading and clearing members who may require additional time to finalize their audited accounts and obtain necessary certifications. This administrative measure ensures members can meet compliance requirements without facing penalties for delays. No direct impact on market operations, trading activities, or investors.

Impact Justification

Extension of regulatory compliance deadline for trading and clearing members; important for members to meet filing requirements but does not directly impact market operations or trading