SEBI allows listed companies to report Q4

SEBI allows listed companies to report Q4

Agency News

Mumbai, Mar 19 : Capital market regulator Securities and Exchange Board of India (SEBI) on Thursday relaxed some listing disclosure obligations amid the outbreak of Novel Coronavirus, allowing the companies to submit their March quarter and FY20 results by June 30.

The regulator also granted relaxation of one month on half-yearly compliance certificate on share transfer. SEBI granted temporary relaxation from certain compliance stipulations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 to listed entities, with respect to the quarter and the financial year ending March 31, 2020.

Further, the market regulator also allowed three weeks of relaxation on quarterly statements of investor complaints and one month on submission of the Annual Compliance Report. It also extended the date of filing quarterly Corporate Governance reports by one month and for releasing quarterly shareholding patterns by three weeks.

"The COVID-19 virus has hit populations around the world and restricted free movement of people, thereby hampering businesses and day-to-day functioning of companies," a statement from the market regulator said. "Developments arising due to the spread of the virus have warranted the need for temporary relaxations in compliance requirements for listed entities," it added. (UNI)