Business Today
Loading...

SEBI allows firms 45-day relaxation amid coronavirus concerns

"Development arising due to the spread of the virus warrants the need for temporary relaxation in compliance requirement of listed entities," Sebi noted.

twitter-logo PTI        Last Updated: March 19, 2020  | 15:34 IST
SEBI allows firms 45-day relaxation amid coronavirus concerns
Sei gives temporary relaxation in compliance requirement of listed entities

Markets regulator Sebi on Thursday gave relaxation of 45 days to companies for filing fourth quarter financial results and one-month extension to file results for 2019-20.

Besides, relaxation of one month has been given for filing quarterly corporate governance report and three week each for shareholding patten and statement of investor complaint reports, the regulator said in a circular.

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

"Development arising due to the spread of the virus warrants the need for temporary relaxation in compliance requirement of listed entities," Sebi noted.

Coronavirus pandemic: Dollar continues to stand tall amid tightening liquidity

Coronavirus effect: Investors lose Rs 7 lakh crore wealth in early trade

Rupee hits record low of 75.11, loses 85 paise to dollar

Share Market LIVE: Sensex drops 200 points, Nifty at 8,400; BPCL, ONGC down 7%

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close