MANU/SSMD/0016/2020

Ministry : Securities and Exchange Board of India

Department/Board : Market Intermediaries Regulation and Supervision Department

Circular No. : SEBI/HO/MIRSD/RTAMB/CIR/P/2020/59

Date : 13.04.2020

Notification/ Circulars Referred : Circular No. CIR/MIRSD/7/2012 dated July 5, 2012 MANU/SSMD/0045/2012

Citing Reference:
Circular No. CIR/MIRSD/7/2012 dated July 5, 2012 MANU/SSMD/0045/2012  Referred

To,

All Depositories
All Registrars to an Issue & Share Transfer Agents (RTA)
All Recognised Stock Exchanges
All Listed Companies (through Stock Exchanges)

Sir/ Madam,

Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19

1. In wake of the current nationwide lock down of 21 days as directed by Government of India due to issue of Covid-19, a need has been felt to extend the timelines for processing of various investor requests pertaining to physical securities and Compliance and disclosures to be made under SEBI Regulations and various SEBI circulars. The directions are being issued for Registrars to an Issue and Share Transfer Agents / Issuer Companies, holding SEBI registration under Category 1 or Category 2 of RTI/STA.

2. Considering the nationwide lock down and marginal / skeleton staff strength of RTAs / Issuer companies, "relaxation is hereby being given to intermediaries / market participants for equivalent period of lock down declared by Government of India i.e. 21 days, over and above the prescribed time limits, respectively, for activities / investor requests / compliance as per the annexure.

3. In the event of further extension in the lock down period as directed by Government of India / State Governments, additional relaxation in prescribed timelines for equal number of extended days in lock down is also being given to intermediaries / market participants.

Yours faithfully,
Deepak Trivedi
Chief General Manager

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