Mar 19, 2020

Extension of timeline for filings in SEBI (LODR), 2015

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The timelines for certain filings as required under the provisions of the SEBI (LODR) Regulations, 2015, have been extended, as under:

S. No.Regulation and associated filing Filing Relaxation w.r.t. the quarter/ financial year ending 31st March, 2020
Frequency Due within Due date Extended date Period of relaxation on
1.Regulation 7(3): Compliance certificate on share transfer facilityHalf yearlyOne month of the end of each half of the financial year30th April, 202031st May, 20201 month
2.Regulation 13(3): Statement of Investor complaintsQuarterly21 days from the end of each quarter21st April, 202015th May, 20203 weeks (approx.)
3.Regulation 24A read with circular dated 08/02/2019: Secretarial Compliance reportYearly60 days from the end of the financial year30th May, 202030th June, 20201 month
4.Regulation 27(2): Corporate Governance ReportQuarterly15 days from the end of each quarter15th April, 202015th May, 20201 month
5.Regulation 31: Shareholding PatternQuarterly21 days from the end of each quarter21st April, 202015th May, 20203 weeks (approx.)
6.Regulation 31: Financial ResultsQuarterly45 days from the end of the quarter for quarterly results15th May, 202030th June, 202045 days
Annually60 days from the end of Financial Year for Annual Financial Results30th May, 202030th June, 20201 month

Relaxation of time gap between two board / Audit Committee meetings

Regulatory provisionRelaxation

Regulation 17(2): The board of directors shall meet at least four times a year, with a maximum time gap of one hundred and twenty days between any two meetings.

The board of directors and Audit Committee of the listed entity are exempted from observing the maximum stipulated time gap between two meetings for the meetings held or proposed to be held between the period December 1, 2019 and June 30, 2020.

However the board of directors / Audit Committee shall ensure that they meet atleast four times a year, as stipulated under regulations 17(2) and 18(2)(a) of the LODR

 

Regulation 18(2)(a): The audit committee shall meet at least four times in a year and not more than one hundred and twenty days shall elapse between two meetings

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