SEBI allows firms 45-day relaxation amid coronavirus concerns

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“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

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.

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