Friday, March 20, 2020

SEBI grants temporary relaxation from disclosure norms

The Securities and Exchange Board of India (SEBI) has given Temporary relaxation of this COVID-19 pandemic that is continuing on account to businesses in certain disclosure requirements.

In a release On Thursday, the capital markets regulator stated that employers might get relaxation including filing corporate government reports, yearly and quarterly benefits and shareholding patterns among other 40, which range from three months.

"Developments Arising on account of the spread of this virus have justified the demand for temporary relaxations in accordance conditions for listed entities," the release stated.

In accordance with the launch, companies are provided a relaxation for submitting corporate governance report.

A relaxation of a single month to 45 days was granted for submitting annual and quarterly financial results.

Incidentally, This is the next time an announcement has been issued by that the watchdog amid the virus issues on the marketplace which has resulted in the benchmarks their day declines registering.

On March 13, that had been stated by SEBI It had been closely monitoring the developments in the stock exchange And, together with the stock trades, was ready to behave appropriately if required.

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