Amid Coronavirus Pandemic, SEBI Relaxes Norms For Companies, Gives Extra Time To Announce Q4 Results

In a bid to give companies a breather to compile their results, the capital market regulator Securities Exchange Board of India (SEBI) on Thursday (19 March) relaxed certain listing disclosure obligations due to the coronavirus pandemic, reports ANI.

According to the report, the SEBI allowed listed companies to defer the disclosure of fourth quarter and annual earnings by 45 days to 30 June.

It also relaxed the period of filing the shareholding pattern by three weeks and eased the time period for filing the quarterly corporate governance report by a month.

“The Covid-19 virus has hit populations around the world and has restricted free movement of people, thereby hampering businesses and day-to-day functioning of companies,” SEBI said in a release.

The SEBI also provided relaxation of one month on a half-yearly compliance certificate on share transfer and relaxation of three weeks on the quarterly statement of investor governance.