ICSI prescribes Due Diligence Report for Format for Listed Entities
ICSI has prescribed Due Diligence Report format for Listed Entities pursuant to Regulation 10 (3) of the SEBI (Delisting of Equity Shares) Regulations, 2021.
As per the prescribed format, the Company Secretary has to verify the applicability and compliance of securities laws, by identifying the following regulations and their applicability:
1. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).
2. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; (SEBI PIT Regulations).
3. The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI
SAST Regulations).
4. The Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 (SEBI SBEB Regulations).
The company Secretary has to giver his/her analysis / observation for acquirer and their related entities and top Twenty-Five Shareholders. Also, during the review period, the CS has to give a certificate on prescribed matters .
As per the prescribed Format, the Company Secretary has to state given assumption & limitation of scope & review.
Download ICSI Due Diligence Report Format Click Here >>
- If assessee fails to explain source of purchases, estimating profit rate contrary to Section 69C
- Income Tax Department not trusted even upon its lawyers – SC slams ITD for delay
- Goods loaded in two trucks with one e-way bill stating both truck numbers – No evasion
- GOI makes four new Labour Codes effective from 21st November 2025
- Provident fund dues have first charge over claim of bank under SARFAESI Act – SC
