Second Wave of COVID-19 Triggers Relaxations 2.0
In order to ensure that companies remain compliant during ongoing relapse of COVID-19 pandemic, several temporary measures have been introduced by the Capital Markets Regulator w.r.t compliance under LODR regulations.
The measures announced will support companies and other industrial bodies to function and meet the timelines in the period of lockdown.
The list of all the relevant circulars in this regard, recapitulating the requirement of law, original timelines and the relaxations granted by the SEBI are summarized below:
Sr.
No. |
Regulation /Circular | Particulars | Requirement/Frequency of filing | Original Due Date | Extended Date |
Entities with its specified securities listed[1] |
|||||
1 | 24A | Annual Secretarial Compliance Report | Sixty days from end of the financial yea | May 30, 2021 | June 30, 2021 |
2 | 33(3) | Financial Results | 45 days from the end of the quarter for quarterly results | May 15, 2021 | June 30, 2021 |
60 days from the end of Financial Year for Annual Financial Results | May 30, 2021 | ||||
3 | 32 read with circular dated December 24, 2019 | Statement of Deviation or variations in use of funds | 45 days from the end of the quarter for quarterly results | May 15, 2021 | June 30, 2021 |
60 days from the end of Financial Year for Annual Financial Results | May 30, 2021 | ||||
Entities with either of their NCDs/NCRPs/PDI listed[2] |
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4 | 52(1) &(2) | Submission of Financial Results | For half yearly results: 45 days from the end of the half year | May 15, 2021 | June 30, 2021 |
For Annual Results: 60 days from the end of Financial Year | May 30, 2021 | ||||
5 | 52(7) read with circular dated January 17, 2020 | Statement of deviation or variations in use of funds (along with financial results) | For half yearly results: 45 days from the end of the half year | May 15, 2021 | June 30, 2021 |
For Annual Results: 60 days from the end of Financial Year | May 30, 2021 | ||||
Entitles with listed municipal bonds |
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6 | SEBI circular dated November 13, 2019[3] | Annual Audited Financial Results | 60 days from end of the financial year | May 30, 2021 | June 30, 2021 |
Entities with listed commercial paper |
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7 | SEBI Circular dated October 22, 2019[4] | Submission of financial results | 45 days from end of the half year | May 15, 2021 | June 30, 2021 |
60 days from end of the financial year | May 30, 2021 |
[1] https://www.sebi.gov.in/legal/circulars/apr-2021/relaxation-from-compliance-with-certain-provisions-of-the-sebi-listing-obligations-disclosure-requirements-regulations-2015-due-to-the-covid-19-pandemic_50000.html
[2] https://www.sebi.gov.in/legal/circulars/apr-2021/relaxation-from-compliance-with-certain-provisions-of-the-sebi-listing-obligations-disclosure-requirements-regulations-2015-other-applicable-circulars-due-to-the-covid-19-pandemic_50001.html
[3] https://www.sebi.gov.in/legal/circulars/nov-2019/continuous-disclosures-and-compliances-by-listed-entities-under-sebi-issue-and-listing-of-municipal-debt-securities-regulations-2015_44942.html
[4] https://www.sebi.gov.in/legal/circulars/oct-2019/framework-for-listing-of-commercial-paper_44715.html
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