SSM MBRS Mandate – All You Need To Know

Introduction: The National Stock Exchange of India (NSE) has recently issued a circular dated October 17, 2023, introducing a mandatory requirement for filing Voting Results in XBRL Format. However, to enhance compliance and streamline the reporting process, the NSE has decided to discontinue the PDF reporting format for Voting Results submission. Effective November 1, 2023, listed entities will exclusively submit Voting Result disclosures in XBRL format. This shift to filing Voting Results in XBRL format is intended to foster consistency, efficiency, and accuracy in reporting General Meeting outcomes. Previously, entities were submitting Voting Results in both PDF and XBRL formats, but now, effective November 1, 2023, listed entities will exclusively submit Voting Result disclosures in XBRL format. This shift to filing Voting Results in XBRL format is intended to foster consistency, efficiency, and accuracy in reporting General Meeting outcomes.

Service providers and Independent Software Vendors (ISVs) can use the Services Provider License Agreement (SPLA) to license eligible Microsoft products every month for a three-year agreement term to host software services and applications for their customers. You must include the user's name and address if the end user-generated more than $1,000 in revenue to Microsoft per month. On your monthly use reports, you do not need to include demonstrations, evaluations, your organization's evaluation and testing of licensed products, or server administration and maintenance. Furthermore, after six months from the effective date of your agreement, you must begin reporting at least US$100 per month to keep your SPLA agreement active. Should you need to make changes to your report that result in lower license fees from Microsoft, you must submit the revised monthly SPLA usage report along with detailed reasoning within 60 days of the original invoice date.