Compliance Calendar for relaxations in relation to compliance with various provisions due to COVID-19 pandemic

National Stock Exchange (NSE) vide Circular NSE/CML/2020/12  dated 17th April, 2020 has issued and published Compliance Calendar for relaxations in relation to compliance with various provisions due to COVID-19 pandemic to:

  • The Company Secretary
  • All Listed Companies
  • SEBI vide its various circulars relaxations certain provisions under various Regulations due to COVID-19 pandemic.
  • Exchange has taken an initiative and prepared compliance calendar which listed entity are required to submit on various due dates. This compliance calendar will help company to update all compliances which are required to be submit on exchange at one place.

Compliance Calendar for relaxations in relation to compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, issued by SEBI vide various circulars for relaxations under various Regulations due to COVID-19 pandemic.

Sl. No Regulations Due Date Extended / Revised Date
1 Regulation 7 (3) – Share Transfer Agent 30.04.2020 31.05.2020
2 Regulation 13 (3) – Statement of Grievance Redressal Mechanism 21.04.2020 15.05.2020
3 Regulation 24A read with circular No CIR/CFD/CMD1/27/201 9 dated February 8, 2019 relating to Secretarial Compliance report 30.05.2020 30.06.2020
4 Regulation 27(2) relating to Corporate Governance report 15.04.2020 15.05.2020
5 Regulation 29 (2) – Prior intimation to stock exchanges about meetings of the board
  • at least 5 days before the meeting if financial results are to be considered
  • 2 working days in other cases.
2 days, for board meetings held till July 31, 2020.
6 Regulation 31 relating to Shareholding Pattern 21.04.2020 15.05.2020
7 Regulation 33 relating to Financial Results (Quarterly) 15.05.2020 30.06.2020
8 Regulation 33 relating to Financial Results (Annually) 30.05.2020 30.06.2020
9 Regulation 40(9) relating to Certificate from Practicing Company Secretary on timely issue of share certificates 30.04.2020 31.05.2020
10 Regulation 44(5) relating to holding of AGM by top 100 listed entities by market capitalization for FY 19-20 31.08.2020 30.09.2020
11 Disclosure filings under Regulations 30(1), 30(2) and 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations). SEBI has extend the due date of filing disclosures, in terms of Regulations 30(1), 30(2) and 31(4) of the SAST Regulations for the financial year ending March 31, 2020 to June 01, 2020.
12 Regulation 74(5) of the SEBI (D & P) Regulations, 2018 21 days, over and above the lock down declared by Government of India.
13 Regulation 76 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 – Reconciliation of share capital audit report

Note – The compliance requirements shown above are indicative only & Companies are requested to refer to Listing Regulations, 2015 and SEBICircular for more details

Source: https://static.nseindia.com//s3fs-public/inline-files/NSE_Circular_17042020_1.pdf

Disclaimer:

IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS INFORMATION.

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