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of <h1>SEBI Extends Relaxation on Maximum Time Gap Between Board and Audit Committee Meetings Until July 31, 2020.</h1> The Securities and Exchange Board of India (SEBI) has extended the relaxation of the maximum time gap between board and Audit Committee meetings for listed entities due to the COVID-19 pandemic. Initially set at 120 days, this relaxation now extends until July 31, 2020, allowing entities more flexibility. Despite this extension, boards and committees must still convene at least four times annually as per the Listing Obligations and Disclosure Requirements Regulations. This directive is effective immediately, and stock exchanges must inform all relevant listed entities and update their websites accordingly.
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