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

Last updated: 27 March 2020

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Due to the global COVID-19 pandemic and its impact on business operations, SEBI has introduced temporary relaxations for listed entities regarding the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These relaxations include extended deadlines for various filings, such as compliance certificates, investor complaints statements, secretarial compliance reports, corporate governance reports, shareholding patterns, and financial results, for the quarter ending March 31, 2020. Additionally, listed entities and their audit committees are exempted from observing the maximum 120-day time gap between board and audit committee meetings for meetings held or proposed between December 1, 2019, and June 30, 2020, provided they still meet at least four times a year.

CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/38 March 19, 2020 To, All listed entities that have listed their specified securities All Recognized Stock Exchanges All Depositories Madam / Sir, Sub: Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic 1. The CoVID 19 virus has hit populations around the world and has resulted in many restrictions, including free movement of p

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FAQ :

The circular provides temporary relaxations from certain compliance requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for listed entities due to the impact of the COVID-19 pandemic.

Deadlines are extended for filings including compliance certificates on share transfer facility, statements of investor complaints, secretarial compliance reports, corporate governance reports, shareholding patterns, and financial results for the quarter/financial year ending March 31, 2020.

The period of relaxation varies, with extensions ranging from approximately 3 weeks to 45 days for different types of filings.

Yes, listed entities and their Audit Committees are exempted from the 120-day maximum time gap between meetings for those held or proposed between December 1, 2019, and June 30, 2020, provided they still meet at least four times annually.

This circular comes into force with immediate effect from its date of issue, March 19, 2020.