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 filing | Filing | Relaxation w.r.t. the quarter / financial year ending March 31, 2020 | |||
| Frequency | Due within | Due Date | Extended date | Period of
relaxation |
||
| 1. | Regulation 7(3) relating to compliance certificate on share transfer facility | Half yearly | One 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 complaints | Quarterly | 21 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 |
Yearly | 60 days
from the end of the financial year |
May 30,
2020 |
June 30,
2020 |
1 month |
| 4. | Regulation 27(2) relating to Corporate Governance report | Quarterly | 15 days
from the end of the quarter |
April 15,
2020 |
May 15 2020 | 1 Month |
| 5. | Regulation 31 relating to Shareholding Pattern | Quarterly | 21 days
from the end of the quarter |
April 21,
2020 |
May 15 2020 | 3
weeks (appx.) |
| 6. | Regulation 33 relating to Financial Results | Quarterly | 45 days
from the end of the quarter for quarterly results |
May 15,
2020 |
June 30 2020 | 45 days |
| Annualy | 60 days
from the end of Financial Year for Annual Financial Results |
May 30,
2020 |
June 30 2020 | 1 month | ||
| 7 | Regulation 40(9) relating
to Certificate from Practicing Company Secretary on timely issue of share certificates |
Half Yearly | 1 month of the end of each half of the financial year | April 30,
2020 |
May 31,
2020 |
1 month |
| 8 | Regulation 44(5) relating to holding of AGM by top 100 listed entities by market capitalization for FY 19-20 | Annual | Within a period of 5 months from the date of closing of the financial
year |
August 31,
2020 |
September 30, 2020 | 1 month |
- Relaxation of time gap between two board / Audit Committee meetings:
| Regulatory provision | Relaxation |
| 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 |
- Conduct of Committee meetings – Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee
| Sl no. | Regulation | Requirement | Frequency | Due date | Extended date | Period of relaxation |
| a. | Regulation 19(3A) | The nomination and remuneration committee shall meet at least once in a year | Yearly | March 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. |
- 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 filing | Filing | Relaxation w.r.t. the quarter / financial year ending March 31, 2020 | |||
| Frequency | Due within | Due Date | Extended date | Period 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 Concert | Annually | within seven working days from the end of the financial year. | April `15, 2020 | June 1 2020 | 1 month 15 days |