In addition to the relaxations provided by SEBI vide its circular dated March 19, 2020, and March 26, 2020, SEBI has decided to provide further relaxations/ clarification from complying the certain provisions of SEBI (LODR) Regulations, 2015 as follows:
1. Prior intimation to stock exchange about Board Meeting shall be reduced to 2 days instead of 5 days/2 working days, for Board Meeting held till July 31, 2020, under reg. 29(2);
2. There will be no penalty or prosecutions on entities, if there is any delay in the intimation made to stock exchange between March 01, 2020, to May 31, 2020, regarding loss of share certificates and issue of duplicate certificates under reg. 39;
3. Listed entities may use digital signature certification for authentication/certification of any filing/submission made to stock exchange under LODR until June 30, 2020; and
4. No requirement of publication of advertisements in the newspaper as required under reg. 52(8) which have listed their NCDs and NCRPS’ till May 15, 2020.
Effective date: April 17, 2020
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