Limited relaxation from compliance with certain provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
Summary
SEBI grants a limited relaxation from the requirement to send hard copies of statements on non-convertible securities to unregistered holders until September 30, 2024. This extension aligns with a similar relaxation provided by the Ministry of Corporate Affairs for physical financial statements. The circular is issued under Section 11(1) of the SEBI Act and Regulation 101 of the SEBI Listing Regulations.
Text
Regulation 58(1)(b) provides that a listed entity shall send a hard copy of the statement containing the salient features of all the documents... to those holders of non-convertible securities who have not so registered.
Consequently, it has been decided to relax, up to September 30, 2024, the requirements of regulation 58 (1)(b) of the SEBI Listing Regulations.
This Circular shall come into force with immediate effect.
Stock Exchanges are advised to bring the provisions of this circular to the notice of all entities with listed non-convertible securities and 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 101 of the SEBI Listing Regulations.
Source: SecMarx — Limited relaxation from compliance with certain provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.