Regulatory timeline relaxation for depositories and participants extends compliance deadlines and allows backlog clearance amid pandemic disruptions. Temporary relaxation of compliance timelines for Depositories and depository participants due to COVID-19, extending submission and audit deadlines for items such as BO grievances reporting, half-yearly Internal Audit Reports, systems audit, AI/ML reporting, and Risk Based Supervision, and instituting a period of exclusion plus a short backlog clearance window for investor grievance redressal, transmission of securities, and demat account closure; depositories must notify participants and publish the circular, issued under statutory powers to protect investor interests and regulate markets.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regulatory timeline relaxation for depositories and participants extends compliance deadlines and allows backlog clearance amid pandemic disruptions.
Temporary relaxation of compliance timelines for Depositories and depository participants due to COVID-19, extending submission and audit deadlines for items such as BO grievances reporting, half-yearly Internal Audit Reports, systems audit, AI/ML reporting, and Risk Based Supervision, and instituting a period of exclusion plus a short backlog clearance window for investor grievance redressal, transmission of securities, and demat account closure; depositories must notify participants and publish the circular, issued under statutory powers to protect investor interests and regulate markets.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
