Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19

Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19 Major relaxation is given under: • Certificate Received from

CS Lalit Rajput

Apr 14, 2020

Last update on Apr 14, 2020

Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19 Major relaxation is given under: • Certificate Received from Registrar under Regulation 74(5) of the SEBI (D & P) Regulations, 2018 • Reconciliation of Shares and Capital Audit : under Regulation 76 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Securities Exchange Board of India (SEBI) vide Circular no. SEBI/HO/MIRSD/RTAMB/CIR/P/2020/59 dated 13.04.2020 has issued Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19 to • All Depositories • All Registrars to an Issue & Share Transfer Agents (RTA) • All Recognised Stock Exchanges • All Listed Companies (through Stock Exchanges) 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 physical securities and Compliance and disclosures to be made under SEBI Regulations and various SEBI circulars. Key Highlights: • Extend the Timeline processing of various investor requests pertaining to physical securities and Compliance and disclosures to be made • Extension Directions issued for RTA / STA / Issuer Companies, holding SEBI registration under Category 1 or Category 2 of RTI/STA. • "Relaxation is hereby being given to intermediaries / market participants for 21 days, over and above the prescribed time limits, respectively, for activities / investor requests / compliance as per the annexure. • In the event of further extension in the lock down period Additional relaxation in prescribed timelines for equal number of extended days in lock down is also being given to intermediaries / market participants. Link Relaxation has been given for the following Compliances:

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About Author

CS Lalit Rajput

Company Secretary

Lalit Rajput is a qualified Company Secretary and graduate with 5+ years’ experience in handling Secretarial and Compliance management. Working as Proprietor at Lalit Rajput &Associates, Company Secretaries and Compliance Head at EDUXGURU. Key areas include handling Compliances related to Secretarial, Start-ups, SEBI, FEMA, Labour Laws, GST, NCLT, IPR, MCA/ROC, RTA etc. He has started his career in Adventz Group with one of leading EPC Company, Kalindee Rail Nirman - A Div. Of Texmaco Rail & Engineering Limited (erstwhile known as Kalindee Rail Nirman (Engrs.) Ltd.) and after that worked with Outcome Solutions & Services LLP, a Risk Advisory firm and S. Srinivasan & Co.,Leading Company Secretaries firm in Mumbai and Chennai. He is also an active blogger/Author at many platform and has written various articles on: Taxguru, Compliance Calendar LLP, Studycafe, Caclubindia, Casansaar, theTaxTalk, Lawyer’s Connect, IPleaders, Governance Professionals, Lawyers club India, Dealout Professionals and many more. He has also blogger at ENLIGHTEN GOVERNANCE and contributed articles in ICSI E-Corporate Manager published by ICSI Ahmadabad Chapter.