On Apr. 21, IND SEBI proposed to extend relaxation of disclosure.
IND SEBI proposed a number of limited relaxations related to regulation 58(1)(b) of the SEBI (listing obligations and disclosure requirements) regulations 2015.
Follows IND SEBI Jan. 2023 relaxed compliance with listing requirements, #158652.
Proposal
Extension of temporary exemption from sending hard copies of financial documents to holders of non-convertible securities who have not registered email addresses.
Exemption applies from Oct. 1, 2024 until a to-be-specified date in 2025, with further relaxation until Sep. 30, 2025, if entities comply with conditions set by IND MCA.
During relaxation period, companies must include a web link to key documents in ads per reg 52(8), and no penalties will apply for non-compliance with reg 58(1)(b).
Effectiveness
Comment period for the consultation closes on May 12, 2025.
