NCLAT: Can File Appeal against NCLT Order Initiating Insolvency Process against Personal Guarantors  ||  NCLAT: Assets Reflecting in Corporate Debtor’s Balance Sheet form Part of Liquidation Estate  ||  NCLAT: Adjudicating Authority Must Conduct Independent Assessment under IBC  ||  NCLAT: Can’t Preclude Financial Creditors from Filing Applic. in Case of Settlement Agreement Breach  ||  NCLT: Can’t Call Speculative Investment a 'Financial Debt' in Absence of Commercial Effect of Borrowi  ||  NCLAT: Committee of Creditors Within its Right to Resolve to Liquidate Go Airlines  ||  AP HC: Revealed Particulars of Invest. Not Adequately Substantiated Can Damage Reputation of Persons  ||  J&K HC: Administrative Officers Can’t Claim Seniority on Basis of Unfilled Vacancies  ||  Bombay High Court: One Needs to be Mindful of the Object Behind the Consumer Protection Act  ||  J&K HC: Can’t Put Accused under Prev. Detention Only because His Release Affects Public Confidence    

Further extension of time for submission of financial results for the quarter/half year/financial year ending 31st March 2020 due to the continuing impact of the CoVID-19 pandemic- (Securities and Exchange Board of India) (24 Jun 2020)

MANU/SSMD/0030/2020

Capital Market

1. SEBI, vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19, 2020 and circular No. SEBI/HO/DDHS/ON/P/2020/41 dated March 23, 2020, had extended the timeline for submission of financial results under regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR Regulations') to June 30, 2020 (extension of one month) due to the impact of the CoVID-19 pandemic.

2. SEBI has received representations from listed entities, Chartered Accountant firms, and industry bodies/associations seeking further extension of time for preparation, finalization and submission of financial results for listed entities for the quarter/half year/financial year ending 31st March 2020, due to many reasons, like the continuing lockdown, subsidiaries and associates situated in containment zones making the audit process challenging and other operational challenges due to the CoVID-19 pandemic.

3. After taking into consideration the aforementioned issues, it has been decided to further extend the timeline for submission of financial results under Regulation 33 of the LODR Regulations, by a month, to July 31, 2020, for the quarter and the year ending 31st March 2020. Similarly, the timeline under Regulation 52 of the LODR for submission of half yearly and/or annual financial results for the period ending March 31, 2020 for entities that have listed NCDs, NCRPS', CPs, MDS' is also extended to July 31, 2020.

4. 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 listed entities and also disseminate on their websites.

5. 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 Regulations 33, 52 and 101 of the LODR Regulations.

Tags : EXTENSION   TIME   SUBMISSION   FINANCIAL RESULTS  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved