a) SEBI vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/142 dated July 29, 2020 has provided Relaxation in timelines for compliance with regulatory requirements.
b) In view of the situation arising due to COVID-19 pandemic, lockdown imposed by the Government and representations received from the Depositories, SEBI had earlier provided relaxations in timelines for compliance with various regulatory requirements by the depository participants(DPs) / Registrars to an Issue & Share Transfer Agents (RTAs), vide circular nos. SEBI/HO/MIRSD/DOP/CIR/P/2020/62 dated April 16, 2020, and SEBI/HO/MIRSD/DOP/CIR/P/2020/72 dated April 24, 2020.Later, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/112 dated June 30, 2020, timelines / period of exclusion was further extended for certain compliance requirements.
c) In view of the prevailing situation due to COVID-19 pandemic and representation received from the Depositories, it has been decided to further extend the timelines for compliance with the regulatory requirements by DPs / RTAs/ KRAs, mentioned in the SEBI circulars.
Read All other Updates in Legal Updates