Notification on COVID-19 dated May 03, 2020
Summary
The Securities and Exchange Board of India issued a notification on May 3, 2020, extending the suspension of capital and debt market services. This extension is based on revised guidelines from the Ministry of Home Affairs regarding COVID-19 containment measures. The suspension remains in force for two weeks with effect from May 4, 2020.
Text
Interms of Order No.40- 3/2020-DM-I(A)dated March24,2020of theMinistry ofHomeAffairs,theSecuritiesandEx changeBoardofIndiahadissuedanotificationdatedMarch24,2020notifyingvariousentitiestoprovidecapitalanddebtmarketservicesforaperiodof21dayswiththeeffectfrom March25, 2020.ThesaiddirectionwasextendeduptoMay03, 2020in termsoftheMinistryofHomeAffairsOrderNo.40- 3/2020-DM-I(A)datedApril15,2020.
TheMinistryofHomeAffairsvideOrderNo.40-3/2020-DM- I(A)datedMay01,2020hasissuedrevisedguidelinesonthemeasurestobetakenforcontainmentofCOVID-19inthecountryanddirectedthatthesemeasureswillcontinuetoremaininforcefortwoweekswitheffectfrom May04,2020.
Accordingly,in termsofclause10ofthesaidguidelines,theNotificationdatedApril15,2020issuedbySEBIwillcontinuetoremaininforcefortwoweekswiththeeffectfrom May04,2020.
Source: SecMarx — Notification on COVID-19 dated May 03, 2020. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.