SEBI Grants Temporary Compliance Relaxations for Listed Entities Due to COVID-19 Pandemic for Financial Year Ending March 2020.
The Securities and Exchange Board of India (SEBI) has issued a circular granting temporary relaxations from certain compliance requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the COVID-19 pandemic. These relaxations apply to listed entities for the quarter or financial year ending March 31, 2020. Extensions include a one-month delay for compliance certificates on share transfer facilities and corporate governance reports, approximately three weeks for investor complaints and shareholding patterns, and up to 45 days for financial results. Additionally, the time gap requirement between board and audit committee meetings has been relaxed. These measures are effective immediately.
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