Extension of Submission Date of Share Capital Audit Report for the quarter ended March 31, 2020 By CS Deepak Seth

Extension of Submission Date of Share Capital Audit Report for the quarter ended March 31, 2020

In wake of the current nationwide lock down of 21 days as directed by Government of India due to issue of Covid-19, a need has been felt to extend the timelines for processing of various investor requests pertaining to Compliance and disclosures to be made under SEBI Regulations and various SEBI circulars. Thus, SEBI after considering the current situation due to COVID 19 has issued relaxation in the timelines provided in Regulation 76 of SEBI (D&P) Regulations, 2018. 

The Circular issued by SEBI states:

SEBI is in receipt of representation inter alia requesting for relaxation in the timelines provided in Regulation 76 of SEBI(D&P) Regulations, 2018 read-with SEBI circular dated December 31, 2002 and March 3, 2004 related to filing of Share Capital Audit Report on a quarterly basis.

In this regard, taking into consideration the current situation amid COVID-19, SEBI has informed the Exchange about the decision to relax the timelines for filing Share Capital Audit Report for the quarter ended March 31, 2020, in terms of Regulation 76 of SEBI(D&P) Regulations, 2018. Companies are permitted to file the said report for the quarter ended March 31, 2020 by May 31, 2020.

All Listed entities are requested to take note of the same and comply accordingly.

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