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31May
SEBI amends Format of compliance report on Corporate Governance by Listed Entities

Security Exchange Board of India (SEBI) vide SEBI Circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/567 dated May 31, 2021 has notified “Format of compliance report on Corporate Governance by Listed Entities” as per the provisions of Regulation 27(2) of SEBI (LODR) Regulations, 2015 (“Listing Regulations”).

The SEBI has issued a new format for the Compliance Report on Corporate Governance in which it has added a new Annexure – IV.

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20May
SEBI Advisory on disclosure of material impact of COVID–19

The COVID–19 pandemic and the consequent lockdown restrictions imposed  by government has severally impacted businesses. SEBI Advisory says that it is important for a listed entity to ensure  that all available information  about the material impact of COVID-19 on the company and its operations is communicated  in a timely and cogent manner to its investors and stakeholders.

Keeping the above in view, Securities and Exchange Board of India (SEBI) vide its circular dated 20 May, 2020 1 has issued an advisory regarding disclosure of material impact of Covid-19 pandemic on listed entities. In this advisory, SEBI has provided an illustrative list of information that listed entities should provide to the Stock Exchanges.

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  1. Circular No.: SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated May 20, 2020[↩]
17May
SEBI Relaxation from Minimum Public Shareholding requirements

During the continuance of Covid-19 pandemic, the regulatory authorities are providing relaxation in the various compliances under different laws to ease the corporates. On the same lines, Securities and Exchange Board of India (SEBI) has issued a circular dated May 14, 2020 1 vide which it has granted relaxation to the effect that no penal action be taken by Stock Exchange against the listed entities who could not meet the requirements of Minimum Public Shareholding (MPS) during the period March 1, 2020 to August 31, 2020.

Regulation 38 of the Listing regulations requires a listed entity to comply with the minimum public shareholding requirements as specified in rule 19(2) and rule 19A of the Securities Contracts (Regulation) Rules, 1957. However, this provision does not apply to entities listed on institutional trading platform without making a public issue.

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  1. SEBI circular CFD/CMD/1/CIR/P/2020/81 dated 14 May, 2020 [↩]
9May
Compliance Relaxations by SEBI amidst COVID-19

Amidst unprecedented outbreak of pandemic coronavirus (Covid-19), the Securities and Exchange Board of India (SEBI) has granted temporary relaxation to Equity listed entities in relation to compliance with certain deadlines under various provisions of the SEBI regulations. SEBI has granted the said relaxations vide its circulars dated March 19, 2020, March 23, 2020, March 26, 2020, March 27, 2020, and April 13, 2020.

In this article, an effort has been made to consolidate all the above relaxations and present a brief summary stating the due dates and revised due dates in respect of compliances to be done by the Listed Companies whose equity shares are listed on Stock Exchange(s).

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