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.
The entire contents of this article are solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation by the Author. Compliance Calendar LLP and the Author of this Article do not constitute any sort of professional advice or a formal recommendation. The author has undertaken utmost care to disseminate the true and correct view and doesn’t accept liability for any errors or omissions. You are kindly requested to verify and confirm the updates from the genuine sources before acting on any of the information’s provided hereinabove. Compliance Calendar LLP shall not be responsible for any loss or damage in any circumstances whatsoever.