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Covid-19 outbreak: Sebi further relaxes compliance norms for listed firms

Covid-19 outbreak: Sebi further relaxes compliance norms for listed firms

 

Days after easing compliance norms for listed entities with regard to submission of fourth quarter and annual earnings, markets regulator Sebi on Monday further extended the relaxation to listed entities that have listed their debt securities such as non-convertible debentures and commercial papers. 

In a circular, Sebi said it has decided to grant relaxation to listed entities that have listed their non-convertible debentures (NCDs), non-convertible redeemable preference shares (NCRPS) and commercial papers (CPs), as well as municipal debt securities, from certain compliance. 


The regulator has extended the deadline by 45 days till June 30 for submitting half-yearly financial results for NCDs, NCRPS and CPs, while it has given a time period of another 30 days till June 30, for filing annual earnings. 

The decision has been taken in the wake of the coronavirus pandemic, which has resulted in many restrictions, including free movement of people, thereby hampering businesses and day-to-day functioning of the companies. 

Finance Minister Nirmala Sitharaman also tweeted about Sebi's move to ease the compliance requirement for listed companies. 

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