SEBI has in recent past issued 4 Circulars on 29th April 2021 providing relaxation from SEBI Compliance. Article anslyses some of such relaxation in the article.

1. Relaxation of time limit for submission of Annual audited financial statements for entities who have listed their securities other than equity on Stock

https://taxguru.in/sebi/sebi-relaxes-compliance-lodr-regulation-applicable-circulars.html

Particulars Original Date Extended Date
For entities that have listed their debt securities,  issue and  listing of non- convertible  redeemable  preference
shares and public offer and listing of securitized debt instruments. Regulation 52(2)
Sixty days from the end of the financial year i.e. 30th May 2021 30th June 2021
Statement of deviations of variations in use funds Regulation 52(7) Sixty days from the end of the financial year i.e. 30th May 2021 30th June 2021
Entities who have listed their bonds under SEBI (Issue and Listing of Municipal Bonds) Regulations 2015 Sixty days from the end of the financial year i.e. 30th May 2021 30th June 2021
Entities that have listed Commercial paper Sixty days from the end of the financial year i.e. 30th May 2021 30th June 2021

2. Relaxation of time limit for submission of half -yearly financial results for entities who have listed their securities other than equity on Stock Exchanges.

https://taxguru.in/sebi/sebi-relaxes-compliance-lodr-regulation-applicable-circulars.html

Particulars Original Date Extended Date
For entities that have listed their debt securities,issue and listing  of non- convertible  redeemable  preference shares and public offer and listing of securitized debt instruments. Regulation 52(1) Forty- five days from the end of the financial year i.e. 15th May 2021 30th June 2021
Statement of deviations of variations in use funds Regulation 52(7) Forty- five days from the end of the financial year i.e. 15th May 2021 30th June 2021
Entities that have listed Commercial paper Forty- five days from the end of the financial year i.e. 15th May 2021 30th June 2021

3. Relaxation of  Time  Limit for Submission of Annual Secretarial Compliance Report 

https://taxguru.in/sebi/sebi-extends-deadlines-lodr-regulation.html

Particulars Original Date Extended Date
Every listed entity and its material unlisted subsidiaries in India shall under take secretarial audit and shall annex with its annual report. Regulation 24A Sixty days from the end of the financial year i.e. 30th May 2021 30th June 2021

4. Relation of  time  limit for the  submission  of Quarterly and Annual Financial Statemment

https://taxguru.in/sebi/sebi-extends-deadlines-lodr-regulation.html

Particulars Original Date Extended Date
The listed entity along with all its subsidiaries shall submit its audited annual financial statements along with the audit report. Regulation 33 (3) Sixty days from the end of the financial year i.e. 30th May 2021 30th June 2021
The listed entity along with all its subsidiaries shall submit its quarterly financial statements. Regulation 33 (3) Forty- five days from the end of the financial year i.e. 15th May 2021 30th June 2021
Statement of deviations of variations in use funds Regulation 32(1) Sixty days from the
end of the financial
year with annual
audited financial
statements i.e. 30th
May 2021
Forty-five days from
the end of the financial
year with quarterly
financial result
30th June 2021

**

SEBI relaxes compliance under LODR regulation & other applicable circulars Circular No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2021/557 29/04/2021
SEBI extends deadlines under LODR regulation Notification No. SEBI/HO/CFD/CMD1/P/CIR/2021/556 29/04/2021
Mutual Funds/ AMCs to disclose risk-o-meter & portfolio details of Scheme Notification No. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/555 29/04/2021
SEBI relaxes timelines for regulatory compliance by TM/CM/SP/KRA SEBI/HO/MIRSD/DOP/P/CIR/2021/559 29/04/2021
Processing of ‘demat requests’ included to list of SEBI relaxation Notification No. SEBI/HO/MIRSD/RTAM B/P/CI R/202 1/558 29/04/2021
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