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Exemptions by SEBI to listed comanies due to COVID-19

CS Pratima Agarwal 
on 03 April 2020

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Due to the CoVID-19 virus pandemic the SEBI provides some relaxation in the compliances of various regulations as SAST Regulations, LODR etc. Here we tried to combine all the relaxation provided by SEBI which affect a Listed Company. The list of relaxation is as follows:

 
Sr.No   Regulation No. Compliance Quarterly/Half Yearly/Annually  Time Period  Due Date  Extended Date on which to be filled
1 Regulations 30(1), 30(2) and 31(4) Disclosures  7 working days from end of financial year By 15- April-2020 1.06.2020
2 PIT Regulation Closure of trading window Disclosure The trading window will be closed from end of quarter till 48 hours after announcement of financial results Intimation should be send before closure of trading window Not extended
3 Regulation 31 (1) (b)-  : Shareholding Pattern Within 21 days from the end of the quarter By 21-April 15.05.2020
4 Regulation 13 (3) Statement of Grievance Redressal Mechanism Within 21 days from the end of the quarter. By 21-April 15.05.2020
5 27(2)(a) Corporate Governance Report  Within 15 days from the end of the quarter. By 15-April 15.05.2020
6   Reconciliation of share capital audit report  Within 30 days from the end of the quarter By 30-April Not extended
7 Regulation 32 (1) Statement of deviation(s) or variation(s). Within 60 days from the end of the financial year By 30-May Not extended specifically but will be filed till 30.06.2020
8 Regulation 7 (3) Certificate from RTA and Compliance officer Within 1 month of end of each half of the financial year By 30-April 31.05.2020
9 Regulation 40 (10) Transfer or transmission or transposition of securities Within 1 month of end of each half of the financial year By 30-April 31.05.2020
10 Regulation 14 Fees and other charges to be paid to the recognized stock exchange(s Within 1 month of end of the financial year By 30-April Not extended
11 Regulation 24A Secretarial Compliance Report within 60 days of the end of the financial year By 30-May 30.06.2020
12 Regulation 33 (3) (d) Financial Results along with Auditor’s Report Within 60 days from the end of the financial year By 30-May 30.06.2020
13 Regulation 34(1) & 36(2) Annual Report Not later than the day of commencement of dispatch to its shareholders and not less than 21 days before the annual general meeting   Not extended
14 Regulation 47 publishing newspapers     advertisements in newspapers as required under regulation 47 for all events has been  exempted publication of scheduled till 5/15/2020
           
15 Conduct of Committee meetings – Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee
a Regulation 19(3A) The nomination and remuneration committee shall meet at least once in a year Yearly By 3/31/2020 30.06.2020
b Regulation 20(3A) The Stakeholders Relationship committee shall meet at least once in a year. Yearly By 3/31/2020 30.06.2020
c Regulation 21(3A) The Risk Management Committee shall meet at least once in a year. Yearly By 3/31/2020 30.06.2020
 
 

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CS Pratima Agarwal 

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