SEBI allowed certain relaxation in LODR compliances
SEBI through its circular dated January 05, 2023 relaxed the requirements specified in regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) relating to dispatching hard copy of the statement containing salient features of all the documents as prescribed in section 136 of the Companies Act, 2013 (financial statements, Board’s report, Auditor’s report etc.), to those shareholders who have not registered their email addresses.
The extended relaxation had ended on December 31, 2022 and SEBI was in receipt of several representations for further extension of relaxations. MCA vide General Circular No. 10/2022 dated December 28, 2022, has provided similar relaxations to companies from dispatching physical copies to the shareholders, for the Annual General Meetings (AGMs) conducted till September 30, 2023. Accordingly SEBI has also extended the relaxations till September 30, 2023.
