SEBI

SEBI extends deadline for March 31 2021 under LODR Regulations for Secretarial Compliance, financial results etc.

SEBI extends deadline for March 31 2021 under LODR Regulations for Secretarial Compliance, financial results & Statement of variation in use of funds

Securities and Exchange Board of India

CIRCULAR

No. SEBI/HO/CFD/CMD1/P/CIR/2021/556 

April 29, 2021

To
All entities that have listed their specified securities
All Recognized Stock Exchanges

Madam / Sir,

Sub: Relaxation from compliance with certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 due to the CoVID-19 pandemic

1. SEBI is in receipt of representations from listed entities, professional bodies, industry associations, market participants etc. requesting extension of timelines for various filings and relaxation from certain compliance obligations under the LODR Regulations inter-alia due to ongoing second wave of the CoVID-19 pandemic and restrictions imposed by various state governments.

2. After consideration, it has been decided to grant the following relaxations from compliance with certain provisions of the LODR Regulations:

Sl. No Regulation Requirement Due date Extended deadline for the quarter / half year / year ending March 31, 2021
1. Regulation  24A   read      with circular  No.
CIR/CFD/CMD1/27/2019 dated February 8, 2019 relating to Annual Secretarial Compliance report
Sixty days from end of the
financial year
May 30, 2021 June 30, 2021
2. Regulation 33 (3) – Quarterly financial   results /Annual audited financial results Forty-five   days from end of the quarter/ Sixty days from end of the
financial year
May 15, 2021 / May 30, 2021 June 30, 2021
3. Regulation 32 (1) read with SEBI circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 on Statement of deviation   or variation in use of funds Along with the financial  results
(within 45 days of end of each quarter / 60 days from end of the financial year)
May 15, 2021 / May 30, 2021 June 30, 2021

3. Listed entities are permitted to use digital signature certifications for authentication/ certification of filings/submissions made to the stock exchanges under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for all filings until December 31, 2021.

4. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 101 of the LODR Regulations. This Circular is available at www.sebi.gov.in under the link “Legal > Circulars”.

Yours faithfully,

Amy Durga Menon
Deputy General Manager
Corporation Finance Department
Compliance and Monitoring Division-1
+91-22-26449584
amydurga@sebi.gov.in

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