Insights
Relaxation from certain statutory compliance requirements issued by SEBI and MCA amid COVID-19 pandemic
March 20, 2020SEBI
The Securities and Exchange Board of India (“SEBI”) has issued a circular dated March 19, 2020, (the “LODR Circular”) in view of the coronavirus (“COVID-19”) pandemic, to temporarily relax the timelines for certain compliance requirements under the SEBI (LODR) Regulations 2015 (the “Listing Regulations”) to listed entities, with immediate effect.
MCA
The Ministry of Corporate Affairs (“MCA”) has also relaxed requirements with respect to holding of board meetings with physical presence of directors to companies by way of the notification dated March 19, 2020 (the “MCA Notification”) with immediate effect.
