Apr 17, 2020

SEBI UPDATE: Additional Relaxations for compliance with LODR, dated April 17, 2020

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Curbing out the practical difficulties faced by the listed entities while making compliance due to the COVID-19 pandemic, SEBI vide its circular dated April 17, 2020 has come up with further relaxations and clarifications regarding provisions of the LODR.

The relaxations are as follows:

Reg. Pertaining to Regular Timeline Relaxed Timeline
Reg 29(2) Prior intimation of Board Meeting
  • 5 days prior to the for meeting to consider financial results
  • 2 Working Days prior, in all other cases
2 Days prior to the board meeting held till July 31, 2020
Reg 39(3) Intimation regarding loss  of share certificates  and  issue  of  the duplicate certificates 2 days of getting such information Any delay intimation, between March 1, 2020 to May 31, 2020, beyond the stipulated time of 2 days will not attract penal provisions as per SEBI SOP circular dtd May 03, 2018.
Reg 52(8) Newspaper publication of financial results in case of listed NCDs/ NCRPS Within 2 calendar days Exempt till May 15, 2020

SEBI Clarification: Further, it has been clarified authentication/ certification of any filing / submission made to stock exchanges under LODR may be done using digital signature certifications until June 30, 2020.

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