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COVID 19: AGM rules relaxed for top 100 listed Companies


CS Tanveer Singh Saluja (Company Secretary)     30 March 2020

CS Tanveer Singh Saluja
Company Secretary 
 6 likes  914 points

| My Other Post

    

SR. NO.

PROVISIONS

1

SEBI relaxed AGM rules for top 100 listed companies and allowed an extra month till September 30 to hold their annual general meetings for fiscal 2019-20, ending on March 31, 2020. Current rules allow companies up to five months after the end of the financial year that is till August 31, to complete their AGMs and submit compliance report to the exchanges.

2

SEBI has also allowed three extra months for sub-committees of boards of companies, like those which deal with remuneration of the personnel, shareholders’ grievances and risk management, to meet and transact their annual businesses.

3

SEBI   has also exempted companies from publishing advertisement in newspapers which are required under current regulations for all the events scheduled till May 15.

4

SEBI has also extended the deadline by a month to May 31 for submitting the certificate from a CS relating to timely issue of share certificates.




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