Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ding March 31, 2020: SN Regulation and associated filing Period of relaxation 1. Regulation 7(3) relating to half yearly compliance certificate on share transfer facility 1 month 2. Regulation 13(3) relating to quarterly statement of Investor complaints 3 weeks (appx.) 3. Regulation 24A read with circular No CIR/CFD/CMD1/27/2019 dated February 8, 2019 relating to Annual Secretarial compliance report .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1. The CoVID 19 virus has hit populations around the world and has resulted in many restrictions, including free movement of people, thereby hampering businesses and day to day functioning of companies. It has been declared a pandemic by the World Health Organization (WHO). 2. Developments arising due to the spread of the virus warrant the need for temporary relaxations in compliance requirements for listed entities. Accordingly, SEBI has decided to grant the following relaxations from compliance stipulations specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( LODR ) to listed entities. A. Extension of timeline for filings: The timelines for certain filings as re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Yearly 60 days from the end of the financial year May 30, 2020 June 30, 2020 1 month 4. Regulation 27(2) relating to Corporate Governance report Quarterly 15 days from the end of the quarter April 15, 2020 May 15, 2020 1 month 5. Regulation 31 relating to Shareholding Pattern Quarterly .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... atleast four times a year, as stipulated under regulations 17(2) and 18(2)(a) of the LODR Regulation 18(2)(a): The audit committee shall meet at least four times in a year and not more than one hundred and twenty days shall elapse between two meetings 3. This Circular shall come into force with immediate effect. The Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed entities that have issued specified securities and their material subsidiaries and also disseminate on their websites. 4. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X