Skip to main content

Securities and Exchange Board of India / SEBI - Relaxations provided to all listed entities whose securities are listed on the Stock Exchanges from compliance of SEBI LODR


  • Compliance Certificate under Reg 40(9) from Practicing Company Secretary which needs to be submitted by 30 April 2020 is extended to till May 30, 2020.
  • Annual General Meeting of   top 100 listed companies which needs to be conducted by 31 Aug 2020 is extended to Sept 30, 2020.
  • The nomination and remuneration committee, the stakeholder relationship committee and the risk management committee shall meet at least once in a year and the due date for financial year FY 2019-2020 is 31 Mar 2020 is extended to June 30, 2020.
  • Relaxation of the operation of the SEBI circular on Standard Operating Procedure dated January 22, 2020  - SEBI vide circular no. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020 issued the Standard Operating   Procedure (SoP) on imposition of fines and other enforcement actions for non-compliances with provisions of the LODR, the effective date of operation of which is for compliance periods ending on or after March 31, 2020. The said circular dated January 22, 2020 shall now come into force with effect from compliance periods ending on or after June 30, 2020. It may be noted that the SoP circular dated May 03, 2018 would be applicable till such date.
  • Publication of advertisements in the newspaper for notice of board meeting, financial results etc., - exempted publication of advertisements in newspapers as required under regulation 47 for all events scheduled till May 15, 2020.   SEBI - Notification

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Consolidated guidelines issued by Ministry of Home Affairs for containment of COVID-19 in the country

The Ministry of Home Affairs has issued consolidated guidelines on the measures to be taken for containment of COVID-19 in the country. Guidelines have been issued on below subjects: - List of Activities to remain prohibited 3rd May, 2020 Operation of guidelines in Hotspots and containment zones List of Select permitted activities allowed with effect from 20th April, 2020 Strict enforcement of the lockdown guidelines All health services to remain functional Agriculture & related activities Functional areas in Financial sector Social sector Online teaching MNREGA workers Public utilities Movement of goods Supply of essential commodities Private Establishments Industrial Establishments Construction activities Movement of people Government offices Persons to remain under mandatory quarantine Lockdown instructions Penal provisions To view, the guidelines in detail, kindly click on below link Ministry of Home Affairs- Order
Post a Comment
Read more

SEBI- Measures to further facilitate fund raising from capital markets in the backdrop of COVID-19 pandemic

In the wake of challenges for the Indian economy arising out of the Covid-19 pandemic and with a view to improving access to funding to the corporates through capital markets, SEBI has decided to grant certain temporary relaxations from the regulatory provisions related to rights/ public issuances by listed entities. Rights Issues 1. Fast track Rights issuances Towards expanding the universe of listed entities for the purpose of fast track rights issuances, SEBI has relaxed the following conditions: The eligibility requirement of average market capitalisation of public shareholding of INR 250 crores has been reduced to INR 100 crores. The requirement related to period of listing of equity shares of the issuer for at least three years has been reduced to listing for eighteen months only. The condition related to no audit qualifications on issuer’s audited accounts has been replaced with the requirement to disclose the impact of audit qualifications on issuer...
1 comment
Read more

Ministry of Corporate Affairs - Special measures with regard to various compliances

Relaxation in form filing fee payable to the Ministry of Corporate Affairs (' MCA ') -  April 1, 2020 to September 30, 2020 is declared as moratorium period. Irrespective of the due date, no additional fees will be charged for late filing in respect of any document, return, statement etc., with  MCA -21 Registry, during this period. The move is aimed at reducing the compliance burden and financial burden at large. This is applicable for companies and LLPs.   Relaxation in Board Meetings -  The minimum requirement to hold 4 board meetings every year with not more than 120 days gap between two consecutive meetings stands extended by a period of 60 days till next two quarters i.e., till September 30, 2020. For example, where if a company has conducted its board meeting on March 15, 2020 and the next meeting is due before July 13 (upto 120 days), the board meeting can now be held upto September 11, 2020 (180 days). Deferment of Companies (Auditor's Report) Ord...
Post a Comment
Read more