Initiatives taken by Securities and Exchange Board of India:
SEBI has given Relaxation
to Listed Entities from compliance with certain provisions of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID
-19 virus pandemic.
Relaxation from
compliance with certain provisions of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and certain SEBI Circulars due to
the CoVID -19 virus pandemic – continuation to SEBI/HO/CFD/CMD1/CIR/P/2020/38
dated 19.03.2020. https://www.bseindia.com/downloads/whtsnew/file/Cir-64.pdf
Applicable: This circular
shall come into force with immediate effect .
1.
Extension of timeline for issuance and filings for issuers who
have listed /propose to list their Non-Convertible Debentures (NCDs) /
Non-Convertible Redeemable Preference Shares (NCRPS)/ Commercial Paper(s)
In order to enable issuers who intend/propose to list their
NCD/NCRPS/CPs, it has been decided to grant the following relaxations in
timelines:
|
Particulars
|
Available Audited financials
|
Date for
issuance
|
Extended date for issuance
|
Period of relaxation
|
|
Cutoff date for issuance of
NCDs/NCRPS/C
Ps
|
As on
September 30, 2019
|
On or before
March 31, 2020
|
On or before May 31, 2020
|
60 Days
|
2.
Extension of timeline for filings under SEBI (LODR) Regulation
2015:
|
Sl
no.
|
Regulation
and associated filing
|
Filing
|
Relaxation
w.r.t. the Half Year / Financial Year ending March 31, 2020
|
|||
|
Frequency
|
Due within
|
Due Date
|
Extende d date
|
Period of relaxation
|
||
|
1.
|
Large Corporate-
Initial Disclosure
and Annual Disclosure
(SEBI Circular
HO/DDHS/CIR/P/2
018/144 dated
November 26,
2018)
|
Yearly
|
Initial Disclosure - within
30 days from the
beginning of Financial year
Annual
Disclosure - within 45 days from the end of Financial year
|
April 30,
2020
May 15,
2020
|
June 30,
2020
June 30,
2020
|
60 Days
45 Days
|
|
Non-Convertible Debentures (NCDs) /
Non-Convertible Redeemable Preference Shares (NCRPS)
|
||||||
|
2.
|
Regulation
52 (1) and (2) relating to Financial Results
|
Half yearly/Yearl y
|
45 days from the end of the
Half Year
|
May 15,
2020
|
June 30,
2020
|
45 days
|
|
|
|
|
60 days
from the end of Financial Year for Annual Financial Results
|
May 30,
2020
|
June 30,
2020
|
30 Days
|
|
3.
|
Common
|
Timelines as prescribed in SEBI
Circular no. SEBI/HO/CD/CMD1/
|
||||
|
|
obligations
|
CIR/P/2020/38 dated March 19, 2020
|
||||
|
|
prescribed under
|
|
||||
|
|
Chapter-III
of SEBI
|
|
||||
|
|
(LODR)
|
|
||||
|
|
Regulations,
2015
|
|
||||
|
|
Commercial Papers (CPs)
|
|||||
|
4.
|
Financial
Results
|
Half yearly/Yearl y
|
45 days from the end of the
Half Year
|
May 15,
2020
|
June 30,
2020
|
45 Days
|
|
|
|
|
60 days
from the end of Financial Year for
Annual
Financial Results
|
May 30,
2020
|
June 30,
2020
|
30 Days
|
3.
Extension of timeline for filings prescribed for Issuers of
Municipal Debt Securities:
|
Sl no.
|
Regulation and associated filing
|
Filing
|
Relaxation
w.r.t. the Half Year / Financial Year ending March 31, 2020
|
|||
|
Frequenc y
|
Due within
|
Due Date
|
Extended date
|
Period
of relaxation
|
||
|
1.
|
Investor Grievance Report as per Municipal
Bond-
|
Half Yearly
|
within 30
working days from end of Half Year
|
June 30,
2020
|
45 Days
|
|
|
2.
|
Financial Results
|
Half Yearly
|
60 days
from the end of Financial Year for Annual Financial Results
|
May 30,
2020
|
June 30,
2020
|
30 Days
|
|
3.
|
Accounts
maintained by Issuers under ILDM
Regulations
|
Quarterly
|
45 days from end of quarter
|
May 15,
2020
|
June 30,
2020
|
45 Days
|
Disclaimer:
IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT,
SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION
WITH THE USE OF THIS INFORMATION.
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