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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 ..... rcular 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 and filings for issuers who have listed /propose to list their Non-Convertible Debe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 Extended date Period of relaxation 1. Large CorporateInitial Disclosure and Annual Disclosure (SEBI Circular HO/DDHS/CIR/P/2 018/144 dated November 26, 2018) Yearly Initial Disclosure - within 30 days from the beginning of Financial year Annual Disclosure - within 45 days from the end of Financial year April 30, 2020 April 30, 2020 May 15, 2020 June 30, 2020 June 30, 2020 60 Days 45 Days Non-Convertible Debentures (NCDs) / Non-Convertible Redeemable Preference Shares (NCRPS) 2. Regulation 52 (1) and ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Accounts maintained by Issuers under ILDM Regulations Quarterly 45 days from end of quarter May 15, 2020 June 30, 2020 45 Days 8. 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 NCDs, NCRPS, MDS and CPs and also disseminate on their websites. 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 circul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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