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New Delhi, Mar 26 (PTI) Markets regulator Sebi on Thursday accepted added time to listed companies for captivation anniversary accepted affairs and exempted them from giving advertisements in newspapers in the deathwatch of the coronavirus pandemic.



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The regulator has been giving alleviation to listed companies and added bazaar intermediaries as allotment of efforts to affluence their acquiescence burden.



In a circular, the Securities and Exchange Lath of India (Sebi) has accustomed a alleviation of one ages till September 30 to top 100-listed companies by bazaar capitalisation for captivation their anniversary accepted affair (AGM) for 2019-20.

These companies were appropriate to authority their corresponding AGMs by August 31.



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Under the norms, companies are appropriate to authority the AGM aural 5 months from the closing of banking year.

In addition, Sebi has exempted companies from advertisement of advertisement in newspapers about their lath meetings, banking after-effects and added contest till May 15.

Sebi has acclaimed that some newspapers are not bringing their book versions for a bound period, some that are still press are not accepting an e-copy of the advice to be published, which is a claiming in ensuring acquiescence with the regulation.

Accordingly, the regulator has absitively to absolved advertisement of advertisement in newspapers as appropriate beneath the advertisement norms for all the contest appointed till May 15.

Besides, alleviation has been accustomed by three months till June 30 for captivation anniversary affairs of committees pertaining to choice and remuneration, stakeholder accord and accident management.

Further, the borderline has been continued with attention to affidavit from practising aggregation secretary on appropriate affair of allotment certificates, by one ages till May 31.

In a abstracted circular, Sebi has eased operational action for allotment buyback.

The regulator said merchant bankers and added intermediaries can abide all accordant abstracts in PDF anatomy through mail to Sebi and additionally pay the fees online to its annual through RTGS or NEFT.

Earlier, Sebi had accustomed listed companies to adjourn acknowledgment of their fourth division balance by 45 canicule till June 30. PTI SP HRS

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Last Updated: March 29th, 2020 by admin
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