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The Institute of Company Secretaries of India has written a representation letter to SEBI, requesting an extension in the due dates of certain compliances amid rising cases of COVID-19 and restrictions imposed thereon in all major cities and states. Read the official representation letter below:
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FAQ :
The Institute of Company Secretaries of India (ICSI) has requested an extension from SEBI.
ICSI is requesting an extension due to the rising cases of COVID-19 and the restrictions imposed in major cities and states, which are making it difficult for stakeholders to meet compliance deadlines.
The request mentions the requirement of proxy forms (Regulation 44(4)) and the holding of Annual General Meetings for the top 100 listed entities (Regulation 44(5)).
ICSI suggests that the requirement for proxy forms may be dispensed with up to December 31, 2021, for listed entities holding general meetings solely through electronic mode.
An extension for holding Annual General Meetings for the top 100 listed entities is requested until September 30, 2021.
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