| Regulation |
Relaxation |
| Requirement of sending physical copies of annual report to shareholders under Regulation 36 (1)(b) and (c) & Regulation 58 (1)(b) and (c) (entities which have listed their NCDs and NCRPs) |
Physical dispatch of necessary documents under the said regulations are dispensed with for listed entities who conduct their AGMs during the calendar year 2020 (i.e. till December 31, 2020). |
| Requirement of proxy for general meetings under Regulation 44 (4), requiring sending of proxy forms to holders of securities in all cases mentioning that a holder may vote either for or against a resolution. |
For listed entities who conduct their AGMs through electronic mode during the calendar year 2020 (i.e. till December 31, 2020), this requirement is waived off |
| Requirement of dividend warrants/cheques under Regulation 12, where ‘payable at par’ warrants or cheques to be physically dispatched in case it is not possible to use electronic modes of payment |
The requirements of this regulation will apply upon normalization of postal services. In cases where email addresses of shareholders are available, listed entities shall endeavour to transfer electronically, as prescribed under the Regulations |
| Publication of advertisements in newspapers, as required under regulation 47 and 52(8) |
Publication of advertisements in newspapers are extended for all events scheduled till June 30, 2020 (as against the original extended date of May 15, 2020) |
| In case a listed entity has subsidiaries, the listed entity shall submit quarterly/year-to-date consolidated financial results, under Regulation 33(3)(b) |
a) Listed entities which are banking and / or insurance companies or having subsidiaries which are banking and / or insurance companies may submit consolidated financial results under regulation 33(3)(b) for the quarter ending June 30, 2020 on a voluntary basis. However, they shall continue to submit the standalone financial results as required under regulation 33(3)(a) of the LODR.
b) If such listed entities choose to publish only standalone financial results, they shall give reasons for the same. |
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