SEBI relaxes Compliance with certain provisions of Listing Obligations Disclosure Requirements Regulations, 2015 due to the COVID-19

SEBI relaxes Compliance with certain provisions of Listing Obligations Disclosure Requirements Regulations, 2015 due to the COVID-19

SEBI - Listing Obligations Disclosure Requirements - COVID-19 pandemic - Taxscan

The Security and Exchange Board of India (SEBI) on Thursday notified the relaxation from compliance with certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 due to the CoVID-19 pandemic.

The SEBI received various representations from listed entities, professional bodies, industry associations, market participants, etc. requesting an extension of timelines for various filings and relaxation from certain compliance obligations under the LODR Regulations inter-alia due to the ongoing second wave of the COVID-19 pandemic and restrictions imposed by various state governments.

After consideration, it has been decided to grant the relaxations from compliance with certain provisions of the LODR Regulations.

Firstly, the Annual Secretarial Compliance report as per Regulation 24A read with circular No. CIR/CFD/CMD1/27/2019 dated February 8, 2019, must be submitted within 60 days from the end of the financial year, the due date has been extended from May 30, 2021, to June 30, 2021.

Secondly, Quarterly financial results or Annual audited financial results as per Regulation 33 (3) must be submitted within 45 days from end of the quarter / 60 days from end of the financial year, the due date has been extended from May 15, 2021 or May 30, 2021 to June 30, 2021.

Lastly, the Statement of deviation or variation in use of funds as per Regulation 32 (1) read with SEBI circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 must be submitted within 45 days of the end of each quarter or 60 days from end of the financial year, the due date has been extended from May 15, 2021 or May 30, 2021 to June 30, 2021.

“Listed entities are permitted to use digital signature certifications for authentication/ certification of filings/submissions made to the stock exchanges under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for all filings until December 31, 2021,” the SEBI notified.

Subscribe Taxscan AdFree to view the Judgment

Support our journalism by subscribing to Taxscan AdFree. We welcome your comments at info@taxscan.in

Related Stories

Taxscan Annual Subscription @599 @420+GST
* Offer extended till 31st May
Taxscan Annual Subscription @599 @420+GST
* Offer extended till 31st May