Compliance timeline extensions for regulated intermediaries permit delayed submission of audits and KYC uploads amid pandemic disruptions. SEBI extended compliance timelines due to COVID 19: trading and clearing members received extensions to submit half year Internal Audit, System Audit and half year net worth certificates for the period ended September 30, 2020 (with deadlines in late December 2020 and specified items to January 31, 2021). Depository Participants received extensions for half year Internal Audit reports and annual systems audit to December 31, 2020; uploading client KYC to KRA had an exclusion period through December 31, 2020 plus a 15 day backlog clearance window.
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.
Compliance timeline extensions for regulated intermediaries permit delayed submission of audits and KYC uploads amid pandemic disruptions.
SEBI extended compliance timelines due to COVID 19: trading and clearing members received extensions to submit half year Internal Audit, System Audit and half year net worth certificates for the period ended September 30, 2020 (with deadlines in late December 2020 and specified items to January 31, 2021). Depository Participants received extensions for half year Internal Audit reports and annual systems audit to December 31, 2020; uploading client KYC to KRA had an exclusion period through December 31, 2020 plus a 15 day backlog clearance window.
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 
