Compliance increases significantly after listing, both in terms of volume and complexity. Key areas include:
- Filing various regulatory documents across various timeframes.
- More frequent submissions – from annual to quarterly or half-yearly.
- Event-based disclosures – for board meetings, corporate actions, or major developments.
- New reporting areas – financial results, shareholding patterns, investor grievances, insider trading.
- Use of structured portals – BSE/NSE platforms with timelines and format requirements.
- Ongoing monitoring of regulatory changes – SME boards or compliance officers must stay updated on circulars, new SEBI guidelines, and stock exchange notifications
- Increased professional involvement – Reconciliation audits, compliance checks, Practising Company Secretary certification.
- Higher accountability – with penalties for delays and stricter oversight from exchanges and SEBI.
SME IPO Enquiry
