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||
||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.