Relaxation from compliance with certain provisions of the SAST Regulations 2011 due to the COVID 19 pandemic
Summary
SEBI issued a circular on March 27, 2020, granting temporary relief from specific disclosure deadlines under the SAST Regulations due to the COVID-19 pandemic. The regulator extended the filing deadline for consolidated shareholding disclosures for the financial year ending March 31, 2020, from April 15, 2020, to June 1, 2020. This relaxation applies to filings required under Regulations 30(1), 30(2), and 31(4) of the SAST Regulations.
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extend the due date of filing disclosures, in terms of Regulations 30(1), 30(2) and 31(4) of the SAST Regulations for the financial year ending March 31, 2020 to June 01, 2020.
The stock exchanges are advised to bring the provisions of this circular to the notice of all the stakeholders including the listed entities and also disseminate on their websites.
The circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with regulation 33 of the SAST Regulations.
Source: SecMarx — Relaxation from compliance with certain provisions of the SAST Regulations 2011 due to the COVID 19 pandemic. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.