Further extension of time for submission of Annual Secretarial Compliance Report by listed entities due to the continuing impact of the CoVID-19 pandemic


Quick Summary
The Securities and Exchange Board of India (SEBI) has announced a further extension for listed entities to submit their Annual Secretarial Compliance (ASC) Report for the 2019-2020 financial year. This decision comes in response to ongoing challenges faced by companies and practising company secretaries due to the COVID-19 pandemic. The new deadline for submission is now July 31, 2020.

Securities and Exchange Board of India

CIRCULAR

SEBI/HO/CFD/CMD1/CIR/P/2020/109

Dated: June 25, 2020

To

All listed entities that have listed specified securities All Recognized Stock Exchanges

Madam / Sir,

Sub: Further extension of time for submission of Annual Secretarial Compliance Report by listed entities due to the continuing impact of the CoVID-19 pandemic

1. SEBI, vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19, 2020, had extended by one month (from May 31, 2020 to June 30, 2020), the timeline for submission of the Annual Secretarial Compliance (ASC) Report for the year 2019-2020, for listed entities.

2. SEBI has received representations from the Institute of Company Secretaries of India (ICSI), industry bodies and listed entities requesting extension of time for submission of the ASC Report in view of the difficulties and challenges faced by listed entities and Practicing Company Secretaries due to the continuing impact of the CoVID-19 pandemic.

3. After consideration, it has been decided to further extend the timeline for submission of the ASC Report by one more month, to July 31, 2020.

4. This Circular shall come into force with immediate effect. The Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed entities that have issued specified securities and also disseminate on their websites.

5. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 101 of the LODR Regulations.

6. This Circular is available at www.sebi.gov.in under the link “Legal->Circulars”.

Yours faithfully,

Pradeep Ramakrishnan
General Manager
Corporation Finance Department
Compliance and Monitoring Division-1
+91-22-26449246
pradeepr@sebi.gov.in

FAQ :

The deadline for submitting the Annual Secretarial Compliance Report has been extended to July 31, 2020.

The deadline has been extended due to the continuing impact of the CoVID-19 pandemic, which has caused difficulties and challenges for listed entities and Practicing Company Secretaries.

This extension applies to all listed entities that have listed specified securities.

The previous deadline was extended to June 30, 2020.

This circular comes into force with immediate effect.

 

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