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
