SEBI gives relaxations from compliance of LODR Regulations & other circulars in respect of financial/audited results

SEBI gives relaxations from compliance of certain provisions of LODR Regulations & other applicable circulars with respect to publication of financial/Annual audited results

Securities and Exchange Board of India

CIRCULAR

No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2021/557

April 29, 2021

To
All entities that have listed their debt securities/bonds¹
All Recognized Stock Exchanges

Madam / Sir,

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

1. SEBI is in receipt of representations from listed entities, professional bodies, industry associations, market participants 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 / other applicable circulars:

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. Entities that have listed their municipal bonds may also opt to use digitally signed documents for making filings with Stock Exchanges in terms of SEBI circulars CIR/IMD/DF1/60/2017 dated June 19, 2017 and SEBI/HO/DDHS/CIR/P/134/2019 dated November 13, 2019. Entities that have listed Commercial Paper may also opt to use digitally signed documents for making filings with Stock Exchanges in terms of SEBI circular no. SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated October 22, 2019.

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 This Circular is available at www.sebi.gov.in under the link “Legal > Circulars”.

Yours faithfully,

Pradeep Ramakrishnan
General Manager
Department of Debt and Hybrid Securities
+91-22-26449246
pradeepr@sebi.gov.in

Note:-

¹Under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, SEBI (Issue and Listing of Non-convertible Redeemable Preference Shares Regulations, 2013, SEBI (Issue and Listing of Municipal Bonds) Regulations, 2015 and SEBI (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008 as well as Commercial Paper

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