BSE on Submission of Net Worth Certificate, Auditor’s Report & Audited Annual Accounts for the financial year ended on March 31, 2022

Sep 22, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange (BSE) on September 21, 2022, issued a notification regarding the submission of the Net Worth Certificate, Auditor’s Report & Audited Annual Accounts for the financial year ended on March 31, 2022. The Members of ICCL are requested to submit the Net Worth Certificate & Computation of Net worth as on March 31, 2022, as per formats prescribed latest by October 31, 2022. 

The Self-Clearing Members (SCM) shall submit their net worth certificate via the BEFS portal which will also be considered by ICCL for monitoring their net worth compliance as a Clearing Member. Accordingly, such members shall not be required to make separate submissions of net worth certificates as Clearing Members to ICCL. However, members who are Trade cum Clearing Members (TCM), Professional Clearing Members (PCM), and Custodians have to submit their net worth certificate separately to ICCL via ICCL Electronic Filing System (IEFS).

In case of non-compliance with the provisions of this notice, certain actions are attached under the Action for Non-Compliance document. Kindly refer to attached Annexure 1 to Annexure 6 for details related to documents. 

Disclaimer – Kindly find Annexures/Documents attached to the notification provided in the Link/Document. 

[Notice No. 20220921-34]


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