Mumbai: Capital market regulator Securities and Trade Board of India (SEBI) on Thursday granted listed corporations one month’s extension to carry their annual common conferences (AGM) because of the 21-day COVID-19 induced lockdown.
Beneath the principles, the highest 100 corporations must conclude their AGMs inside 5 months from the monetary yr closing.
As most corporations have March year-ending, they’ve to carry their AGMs on or earlier than 31 August.
The SEBI has prolonged this date to 30 September.
The regulator has additionally granted a three-month extension to hold out yearly committee conferences on remuneration, threat administration and stakeholder relationships.
The brand new deadline to conclude these conferences will probably be 31 June, as a substitute of 31 March.
The SEBI has additionally supplied short-term exemptions to listed corporations from publishing of newspaper commercial.
Final week, it had introduced extensions in areas like submitting of shareholding sample and monetary outcome disclosures.
Up to date Date: Mar 26, 2020 18:55:02 IST