Mumbai:
The capital market regulator SEBI on Thursday has granted 45 days extension to the listed entities in filing quarterly financial results, whereas in respect of annual financial results, it has extended filing requirement by one month i.e. upto June 30, 2020, in light of COVID-19 pandemic which has hampered day to day functioning of companies.
While granting relaxations to listed entities from other compliance stipulations specified under Listing Obligations and Disclosure Requirements((LODR) Regulations, the Sebi has allowed quarterly filing of corporate governance report and shareholding pattern of listed entities to be done upto May 15;
It has also exempted Board of Directors and Audit Committee of the listed entity from observing the maximum stipulated time gap between two board meetings for the meetings held or proposed to be held between the period December 1, 2019 and June 30, 2020, However the Sebi has directed them to ensure meeting atleast 4 times a year as stipulated under LODR Regulations;
The Sebi has extended timeline for filing-
(i) compliance certificate on share transfer facility upto May 31, the due date for filing of which is April 30 (1 month of the end of each half year),
(ii) statement of investor complaints upto May 15, which falls due for filing upto April 21 (21 days from the end of each quarter); W.r.t. Secretarial Compliance Report which falls due for filing on a yearly basis, grants a month’s extra time i.e. upto June 30, 2020 for its filing;
The circular will come into force with immediate effect.