Relaxation of time gap between two board/Audit Committee meetings

SEBI has further relaxed the requirement of the maximum stipulated time gap of 120 days between two meetings of the board and Audit Committees for listed entities till July 31, 2020.

However, the board of directors and audit committees shall ensure that they meet atleast four times a year, as provided under LODR Regulations.

Effective date: June 26, 2020

Source: SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/110 dated June 26, 2020