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Due to the Covid-19 pandemic, SEBI gives relaxation for non-submission of physical copies to the shareholders and exemption from sending proxy forms in case the meeting is held electronically by the listed entities till 31st December, 2021. Read the official circular below: Corporate Laws Corporate Governance Committee The Institute of Chartered Accountants of India 18th January, 2021 ANNOUNCEMENT Sub: Relaxation by SEBI for non-submission of hard copy of Annual Report to Shareholder
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FAQ :
SEBI is relaxing the requirement for listed companies to submit hard copies of their annual reports to shareholders and the need to send proxy forms for meetings held electronically.
These relaxations are valid until 31st December 2021.
No, companies are exempt from sending physical copies of their annual reports to shareholders during this period.
Proxy forms are not required for general meetings that are held exclusively through electronic mode.
Regulations 36 (1)(b) and (c) and Regulation 58 (1)(b) & (c) of the LODR regarding annual reports, and Regulation 44 (4) of the LODR concerning proxy forms for electronic meetings.
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