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Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19.


Securities Exchange Board of India (SEBI) has vide its circular dated April 13, 2020 issued relaxation to intermediaries / market participants for equivalent period of lock down declared by Government of India, over and above the prescribed time limits, respectively, for below activities / investor requests / compliance
  • Processing of Remat Requests
  • Processing of Transmission Requests
  • Processing of request for Issue of Duplicate Share Certificates.
  • Processing of Requests for Name Deletion/ Name Change/ Transposition/ Pending Share Transfers (Re-lodgement cases in the case of share transfers)
  • Processing of Requests for Consolidation / Split / Replacement of Share Certificates / Amalgamation of Folios.
  • Handling Investor Correspondence / Grievances / SCORES complaint.
  • Submission of Half Yearly Report to SEBI pursuant to Circular No. CIR/MIRSD/7/2012 dated July 5, 2012.
  • Compulsory Internal Audit of RTAs by CA / CS / CMA holding Certificate of Practice and Certified Information Systems Auditor (CISA) / Diploma Information Systems Auditor (DISA) pursuant to Circular dated April 20, 2018, issued by SEBI.
  • Submission of Audit Report by CISA / CISM qualified or equivalent auditor by QRTAs to SEBI along with comments of the Board pursuant to Circular dated September 8, 2017 issued by SEBI on Cyber Security and Cyber Security Resilience framework for QRTAs.
  • Submission of Compliance Report by QRTAs duly reviewed by the Board of Directors of the QRTA to SEBI on Enhanced monitoring of QRTAs pursuant to Circular dated August 10, 2018 issued by SEBI.
  • Regulation 74(5) of the SEBI (D & P) Regulations, 2018.
  • Regulation 76 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

In the event of further extension in the lock down period as directed by Government of India / State Governments, additional relaxation in prescribed timelines for equal number of extended days in lock down is also being given to intermediaries / market participants.

SEBI Circular

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