SEBI relaxes compliances for companies due to Coronavirus(COVID-19)

Last updated: 19 March 2020

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Quick Summary

In response to the global COVID-19 pandemic and its impact on businesses, SEBI has decided to provide temporary relaxations on certain compliance requirements. These adjustments are made under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to help listed entities navigate the challenges posed by the virus.

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 people, thereby hampering businesses and day to day functioning of companies. It has been declared a ‘pandemic’ by the World Health Organization (WHO).

2. Developments arising due to the spread of the virus warrant the need for temporary relaxations in compliance requirements for listed entities. Accordingly, SEBI has decided to grant the following relaxations from compliance stipulations specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) to listed entities

Please refer the attache file for details

FAQ :

The relaxations are being granted due to the COVID-19 pandemic, which has caused widespread restrictions and hampered the day-to-day functioning of companies.

The relaxations apply to certain provisions specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).

All listed entities that have listed their specified securities are eligible for these relaxations.

These relaxations were announced on March 19, 2020.

Details of the specific relaxations can be found in the attached file mentioned in the circular.