NEW DUE DATES FOR COMPLIANCES OF LISTED COMPANIES

 

Extension of timeline for filings:

The timelines for certain filings as required under the provisions of the LODR are extended, as follows:

S no.Regulation             and associated filingFilingRelaxation w.r.t. the quarter / financial year ending March 31, 2020
FrequencyDue withinDue DateExtended datePeriod of

relaxation

1.Regulation 7(3) relating to                 compliance certificate on share transfer facilityHalf yearlyOne month of the end of each half of        the

financial year

April 30,

2020

May      31,

2020

1 month
2.Regulation             13(3) relating to Statement of Investor complaintsQuarterly21     days

from    the

end       of each quarter

April 21,

2020

May      15,

2020

       3

weeks (appx.)

3.Regulation 24A read with circular No CIR/CFD/CMD1/27/201

9 dated February 8, 2019        relating        to

Secretarial Compliance report

Yearly60     days

from    the end of the financial year

May 30,

2020

June     30,

2020

1 month
4.Regulation             27(2) relating to Corporate Governance reportQuarterly15     days

from    the end of the

quarter

April 15,

2020

May 15 20201 Month
5.Regulation 31 relating to Shareholding PatternQuarterly21 days

from the end of the quarter

April 21,

2020

 May 15 20203

weeks (appx.)

6.Regulation 33 relating to Financial ResultsQuarterly45     days

from    the end of the quarter for quarterly results

May 15,

2020

June 30 202045 days
  Annualy60     days

from    the

end       of Financial Year    for Annual

Financial Results

May 30,

2020

June 30 20201 month
7Regulation 40(9) relating

to Certificate from Practicing Company Secretary on timely issue of share certificates

Half Yearly1 month of the end of each half of the financial yearApril 30,

2020

May 31,

2020

1 month
8Regulation 44(5) relating to holding of AGM by top 100 listed entities by market capitalization for FY 19-20AnnualWithin a period of 5 months from the date of closing of the financial

year

August 31,

2020

September 30, 20201 month

 

 

  1. Relaxation of time gap between two board / Audit Committee meetings:

 

Regulatory provisionRelaxation
Regulation 17(2): The board of directors shall meet at least four times a year, with a maximum time gap of one hundred and twenty days between any two meetings.

 

Regulation 18(2)(a): The audit committee shall meet at least four times in a year and not more than one hundred and twenty days shall elapse between two meetings

The board of directors and Audit Committee of the listed entity are exempted from observing the maximum stipulated time gap between two meetings for the meetings held or proposed to be held between the period December 1, 2019 and June 30, 2020.

 

However the board of directors / Audit Committee shall ensure that they meet atleast four times a year, as stipulated under regulations 17(2) and 18(2)(a) of the LODR

 

  1. Conduct of Committee meetings – Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee

 

Sl no.RegulationRequirementFrequencyDue dateExtended datePeriod of relaxation
a.Regulation 19(3A)The nomination and remuneration committee shall meet at least once in a yearYearlyMarch 31,

2020

June 30,

2020

3 months
b.Regulation 20(3A)The Stakeholders Relationship committee shall meet at least once in a

year.

c.Regulation 21(3A)The Risk Management Committee shall

meet at least once in a year.

 

 

  1. Relaxation from compliance with certain provisions of the SEBI(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic.

 

S no.Regulation             and associated filingFilingRelaxation w.r.t. the quarter / financial year ending March 31, 2020
FrequencyDue withinDue DateExtended datePeriod of

relaxati on

1.Continual Disclosure under Regulation 30(1) and 30(2), 31(4) by Promoter or Shareholder or together with Person Acting in ConcertAnnuallywithin seven working days from the end of the financial year.April `15, 2020June 1 20201 month 15 days

 

 

Leave a Comment

Your email address will not be published. Required fields are marked *

Subscribe For Regular Updates