SEBI extends timeline for holding AGM by top-100 listed entities
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Regulation 44(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (LODR) requires top 100 listed entities by market capitalization to hold their AGM within a period of five months from the date of closing of the financial year.
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SEBI was given representations from listed entities and the Institute of Company Secretaries of India (ICSI) requesting extension of time to the top 100 listed entities for holding their AGM inter-alia due to the CoVID-19 pandemic
In view of the above, SEBI has extended the timeline for conduct of AGM by top-100 listed entities by market capitalization. Accordingly, such entities shall hold their AGM within a period of six months from the date of closing of the financial year for 2020-21
Download SEBI Circular SEBI/HO/CFD/CMD1/P/CIR/2021/602 Click Here >>
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