Relaxation from compliance with certain provisions of the SEBI ILDM Regulations due to COVID-19
Summary
SEBI partially modifies clause 7 of a previous circular to extend timelines for submitting investor grievance reports, financial results, and accounts for Municipal Debt Securities. The new deadline for these submissions is set to July 31, 2020. This relaxation applies due to the COVID-19 pandemic and comes into immediate effect.
Text
It has been decided to partially modify the clause 7 of the circular (dealing with investor grievance report, financial results and Accounts maintained by issuers under ILDM Regulations) and further extend the timelines for submission to July 31, 2020.
Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed entities that have issued Municipal Debt Securities and also disseminate on their websites.
Source: SecMarx — Relaxation from compliance with certain provisions of the SEBI ILDM Regulations due to COVID-19. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.