SEBI extends the relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) (“LODR”) Regulations, 2015

SEBI extends the relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) (“LODR”) Regulations, 2015

SEBI vide its circular dated May 13, 2022, 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 LODR Regulations, which:

  • Extended the relaxations from Regulation 36(1)(b) of SEBI (“LODR”) Regulations, 2015 which requires sending hard copy of annual report containing salient features of all the documents prescribed in Section 136 of the Companies Act, 2013 to the shareholders who have not registered their email addresses, upto December 31, 2022.
  • Emphasized that in terms of Regulation 36 (1)(c) of LODR Regulations,2015 listed entities are required to send hard copy of full annual report to those shareholders who request for the same.
  • Dispensed the requirement of sending proxy forms under Regulation 44 (4) of the LODR Regulations, 2015 upto December 31, 2022, in case general meetings held through electronic mode only
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