SEBI extends the due date of filing disclosures under SEBI (SAST) Regulations due to COVID-19 pandemic

Mar 27, 2020 | by Avantis RegTech Legal Research Team

Secretarial Compliance

The Securities and Exchange Board of India (SEBI) on March 27, 2020, has decided to extend the due date of filing disclosures under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Regulations 30(1), 30(2) and 31(4) of the SEBI (SAST) Regulations, require the shareholders to compile, collate, and disseminate information of their consolidated shareholding as on March 31, 2020, to the company and the stock exchanges within seven working days from the end of the financial year. These report as per the 2020 calendar are required to be filed by April 15, 2020.

Due to the spread of the COVID-19 pandemic, SEBI decides to extend the due date of filing disclosures for the financial year ending March 31, 2020 to June 01, 2020.

This circular shall come into force with immediate effect. The stock exchanges are advised to bring the provisions of this circular to the notice of all the stakeholders including the listed entities and also disseminate on their websites.

[SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2020/49]


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