Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday relaxed certain listing disclosure obligations due to fast-spreading coronavirus pandemic, giving the companies a bit of a breather to compile their results.
Among other things, the markets regulator allowed companies to submit their
March quarter and fiscal 2020 results by June 30, instead of May 15 as stipulated.
It also relaxed the period of filing the shareholding pattern by three weeks, and eased the time period for filing the quarterly corporate governance report by a month.
“The Covid-19 virus has hit populations around the world and has restricted free movement of people, thereby hampering businesses and day-to-day functioning of companies,” Sebi said in a release.
The number of novel coronavirus cases in India has risen to 169 at the time of writing this copy. Cases include 25 foreign nationals and the three persons who have died.
Last week, the World Health Organisation (WHO) declared coronavirus as a pandemic. Globally, more than 2,00,000 confirmed cases have been reported and nearly 9,000 people have lost their lives due to the disease.
Many companies in India have allowed their employees to work from home in a consolidated effort to stop the spread of coronavirus infections. It is uncertain how long the disruption to normal lives will last due to the virus.
“Developments arising due to the spread of the virus have warranted the need for temporary relaxations in compliance requirements for listed entities,” it added
Among other things, the markets regulator allowed companies to submit their
March quarter and fiscal 2020 results by June 30, instead of May 15 as stipulated.
It also relaxed the period of filing the shareholding pattern by three weeks, and eased the time period for filing the quarterly corporate governance report by a month.
“The Covid-19 virus has hit populations around the world and has restricted free movement of people, thereby hampering businesses and day-to-day functioning of companies,” Sebi said in a release.
The number of novel coronavirus cases in India has risen to 169 at the time of writing this copy. Cases include 25 foreign nationals and the three persons who have died.
Last week, the World Health Organisation (WHO) declared coronavirus as a pandemic. Globally, more than 2,00,000 confirmed cases have been reported and nearly 9,000 people have lost their lives due to the disease.
Many companies in India have allowed their employees to work from home in a consolidated effort to stop the spread of coronavirus infections. It is uncertain how long the disruption to normal lives will last due to the virus.
“Developments arising due to the spread of the virus have warranted the need for temporary relaxations in compliance requirements for listed entities,” it added
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