Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 pandemic

Last updated: 19 January 2021

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The Securities and Exchange Board of India (SEBI) has extended relaxations on certain provisions of the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, due to the ongoing COVID-19 pandemic. These extensions, following Ministry of Corporate Affairs (MCA) circulars, now allow listed entities to conduct Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) through electronic modes until December 31, 2021. The relaxations also cover the sending of physical annual reports and proxy requirements for meetings held electronically.

Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD2/CIR/P/2021/11 January 15, 2021 To, All Listed entities All Recognized Stock Exchanges Dear Sir/Madam, Sub: Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 pandemic 1. SEBI videCircular no. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020hadinter-aliarelaxed certain provisions of the SEBI (Listing Obligat

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FAQ :

The circular extends relaxations from certain SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for listed entities due to the COVID-19 pandemic.

The relaxations, particularly concerning AGMs and EGMs held through electronic mode, are extended until December 31, 2021.

The relaxations apply to sending physical copies of annual reports to shareholders and the requirement of proxy for general meetings held through electronic mode.

The circular focuses on extending relaxations for meetings held through Video Conferencing (VC) or other audio-visual means (OAVM), referred to as the 'electronic mode'.

The extensions cover Annual General Meetings (AGMs) of companies due in 2021 and Extraordinary General Meetings (EGMs).

This circular comes into force with immediate effect.

Notification No : SEBI/HO/CFD/CMD2/CIR/P/2021/11
Source : https://www.sebi.gov.in/legal/circulars/jan-2021/relaxation-from-compliance-with-certain-provisions-of-the-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-due-to-the-covid-19-pandemic_48790.html

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