Description

BSE grants extension for Trading Members and Clearing Members to submit Annual Audited Networth Certificate, Auditor's Report and Audited Annual Accounts for the financial year 2024-25.

Summary

BSE Limited has issued an extension for Trading Members and Clearing Members to submit their Annual Audited Networth Certificate, Auditor’s Report, and Audited Annual Accounts for the financial year 2024-25. This circular provides additional time for members to complete their annual compliance requirements.

Key Points

  • Extension granted for submission of Annual Audited Networth Certificate
  • Extension covers Auditor’s Report submission
  • Extension applies to Audited Annual Accounts for FY 2024-25
  • Applicable to all Trading Members and Clearing Members
  • Relief measure to ensure proper compliance without penalties

Regulatory Changes

No regulatory framework changes. This is an administrative extension of existing compliance deadlines to accommodate members’ operational requirements.

Compliance Requirements

Required Submissions

  • Annual Audited Networth Certificate certified by statutory auditors
  • Auditor’s Report for the financial year ended March 31, 2025
  • Audited Annual Accounts for FY 2024-25

Applicable To

  • All Trading Members of BSE
  • All Clearing Members of BSE

Submission Process

  • Documents must be submitted through designated BSE portal/system
  • All documents must be duly certified and authenticated
  • Members must ensure compliance with audit standards

Important Dates

  • Circular Issue Date: October 31, 2025
  • Financial Year: April 1, 2024 to March 31, 2025
  • Original Deadline: [As per previous circulars]
  • Extended Deadline: [Refer to circular for specific date]
  • Effective Date: Immediate

Impact Assessment

Operational Impact

  • Positive: Provides additional time for members to complete audit processes
  • Compliance Relief: Reduces pressure on members facing audit completion delays
  • Administrative: No impact on trading or clearing operations

Market Impact

  • Low: Extension is administrative and does not affect market functioning
  • No Trading Impact: Markets continue normal operations

Member Benefits

  • Additional time to ensure accurate and complete audit documentation
  • Avoids potential penalties for late submission
  • Allows proper coordination with statutory auditors
  • Ensures compliance quality over speed

Impact Justification

Extension provides relief to Trading and Clearing Members for submission of annual compliance documents, affecting operational compliance timelines but not market operations