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TMI BlogRelaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and certain SEBI Circulars due to the CoVID -19 virus pandemic – continuationX X X X Extracts X X X X X X X X Extracts X X X X ..... -19 virus pandemic continuation 1. SEBI vide circular no. SEBI /HO/CD/CMD1/CIR/P/2020/38 dated March 19, 2020 has provided certain relaxations to listed entities which have listed their specified securities with regard to extension of timelines prescribed under Regulations 7(3), 13(3) , 33 etc. of SEBI ( LODR ) Regulations, 2015 . 2. In continuation to the aforesaid circular, it has been decided to clarify with regards to certain timelines for listed entities and grant relaxations to listed entities which have listed their Non-Convertible Debentures (NCDs), Non-Convertible Redeemable Preference Shares (NCRPS), Municipal Debt Securities (MDS) and Commercial Papers (CPs). A. Extension of timeline for issuance a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 30, 2019 On or before March 31, 2020 On or before May 31, 2020 60 Days NCDs /NCRPS/CPs B. Extension of timeline for filings under SEBI ( LODR ) Regulation 2015 6. The timelines for certain filings as required under the provisions of the LODR and aforesaid circulars are extended, as follows: Sl no. Regulation and associated filing Filing Relaxation w.r.t. the Half Year / Financial Year ending March 31, 2020 Frequency Due within Due Date Ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arch 19, 2020 Commercial Papers ( CPs ) 4. Financial Results Half yearly/Yearly 45 days from the end of the Half Year 60 days from the end of Financial Year for Annual Financial Results May 15, 2020 May 30, 2020 June 30, 2020 June 30, 2020 45 Days 30 Days C. Extension of timeline for filings prescribed for Issuers of Municipal Debt Securities 7. The timelines for certain filings as required under the provisions of the ILDM Regulations and SEBI circular nos. CI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bsites. 9. The circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with regulations 101 and 102 of the LODR and Regulation 29 of ILDM Regulations the relaxations contained herein are subject to the provisions of the Companies Act, 2013 and rules made thereunder. 10. The circular is available on SEBI website at www.sebi.gov.in under the category - 'Legal - Circulars'. Richa G. Agarwal Deputy General Manager Department of Debt and Hybrid Securities Email id: [email protected] +91-22-26449596 - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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