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 |
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| 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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