Additional relaxations due to Covid-19 pandemic

SEBI has provided some additional relaxations due to Covid-19 pandemic which includes:
For the AGM during the calendar year 2020
1. No requirement of sending physical copies of the annual report to the stakeholders
2. No requirement of Proxy appointment for electronic meetings
3. Subject to prescribed conditions, dividend warrants/cheques may be sent upon normalization of postal services.
Publication of newspaper advertisement- publications required under regulation 47 exempted till June 30, 2020.
Quarterly financial results by banking/insurance companies or other companies having subsidiaries which are banking/insurance companies-may submit consolidated financial results, on voluntary basis till June 30, 2020. However, standalone results are to be provided in the usual manner and if only standalone financial results are being provided, reasons for the same are to be given

Effective date: May 12, 2020

Source: SEBI circular dated May 12, 2020