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of <h1>MCA Circular: No Violation for Listed Companies Using SEBI Guidelines for Rights Issue Notices Amid COVID-19 Challenges.</h1> The circular from the Ministry of Corporate Affairs addresses the challenges faced by listed companies in dispatching notices for rights issues due to COVID-19. It clarifies that for rights issues opening up to July 31, 2020, listed companies adhering to the SEBI circular dated May 6, 2020, will not be considered in violation of section 62(2) of the Companies Act, 2013, if they are unable to send notices via registered post, speed post, or courier. This decision was made considering the difficulties posed by the pandemic in using traditional postal services.
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