Skip to main content

SEBI- Relaxation in timelines for compliance with regulatory requirements by Depository and depository participants.


In view of the situation arising due to COVID-19 pandemic, extended lockdown period and based on representation received from the Depositories regarding relaxation in timelines for compliance with regulatory requirements by Depositories and depository participants, it has been decided to provide relaxation in timelines for below compliance requirements.
  • Submission of BO Grievances Report to Depositories.
  • Submission of half yearly Internal Audit Report (IAR) by DPs for half year ended 31st March 2020.
  • Redressal of investor grievances.
  • Transmission of securities.
  • Closure of demat account
  • Systems audit on annual basis.
  • Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications.
  • Risk Based Supervision

The details are given in the circular. Kindly click on below link to view the circular

SEBI Circular


Labels:

Comments

Post a Comment

Popular posts from this blog

RBI has advised the banks to extend the benefit of Interest Subvention and Prompt Repayment Incentive to farmers

RBI has advised the banks to extend the benefit of Interest Subvention of 2% and Prompt Repayment Incentive (PRI) of 3% for short term crop loan upto Rs. 3 lakhs to farmers whose account have become due between 1 st March, 2020 ànd 31 st May, 2020. Farmers whose loan repayment date lies between March 01, 2020 and May 31, 2020 can repay till end of May without any penal interest. RBI Circular
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

Union Labour Ministry notifies amendment in EPF Scheme to allow withdrawal of non-refundable advance by EPF members in the event of outbreak of pandemic

Union Ministry of Labour and Employment has issued notification GSR 225(E) amending EPF Scheme 1952 to allow withdrawal of non-refundable advance by EPF members/subscribers in the wake of COVID -19 pandemic in the country. The notification permits withdrawal of upto the amount of basic wages and dearness allowance for three months or upto 75% of the amount standing to member's credit in the EPF account, whichever is less, in the event of outbreak of epidemic or pandemic. COVID-19 has been declared pandemic by appropriate authorities for the entire country and therefore employees working in establishments and factories across entire India, who are members of the EPF Scheme, 1952 are eligible for the benefits of non-refundable advance. A sub-para(3) under para 68L has been inserted in the EPF scheme,1952.The amended scheme Employees Provident Fund (Amendment) scheme,2020 has come into force from 28 March,2020.  PF Notification
Post a Comment
Read more