SEBI grants extension for filings related to listing of NCDs and more

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In continuation of the circular of 19 March 2020, SEBI issued a circular on 23 March 2020 (SEBI/HO/DDHS/ON/P/2020/41) further relaxing certain timelines with respect to listed entities.

1.  Extension of timeline for issuance and filings for issuers who have listed /propose to list their Non-Convertible Debentures (NCDs)/ Non-Convertible Redeemable Preference Shares (NCRPS)/ Commercial Paper(s)

Particular
Frequency
Date of available Audited Financials
Original Date of Issuance
Relaxation Period
Extended Date of Issuance
Cut-off date for issuance of NCD/ NCRPS/ CP
Within 6 months of the date of the latest audited financials
30 September 2019
On or before 31 March 2020
60 days
On or before 31 May 2020

2.    Extension of timeline for filings under SEBI (LODR) Regulation 2015

Regulation and Filings
Frequency
Original Due Date
Relaxation Period
Extended Date
Large Corporate-Initial Disclosure and Annual Disclosure (SEBI Circular HO/DDHS/CIR/P/2018/144 dated November 26, 2018)
Yearly



Initial Disclosure - within 30 days from the beginning of Financial Year
30 April 2020
60 days
30 June 2020
Annual Disclosure - within 45 days from the end of Financial Year
15 May 2020
45 days
30 June 2020
Non-Convertible Debentures (NCDs) / Non-Convertible Redeemable Preference Shares (NCRPS)
Regulation 52 (1) and (2) relating to Financial Results
Half Yearly/ Yearly



45 days from the end of the Half Year
15 May 2020
45 days
30 June 2020
60 days from the end of Financial Year for Annual Financial Results
30 May 2020
30 days
30 June 2020
Common obligations prescribed under Chapter-III of SEBI (LODR) Regulations, 2015
As prescribed in SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2020/38
Commercial Papers (CPs)
Financial Results
Half yearly/Yearly



45 days from the end of the Half Year
15 May 2020
45 days
30 June 2020
60 days from the end of Financial Year for Annual Financial Results
30 May 2020
30 days
30 June 2020

3.    Extension of timeline for filings prescribed for Issuers of Municipal Debt Securities

Regulation and Filings
Frequency
Original Due Date
Relaxation Period
Extended Date
Investor Grievance Report as per Municipal Bond
Half Yearly
Within 30 working days from end of the Half Year
45 days
30 June 2020
Financial Results
Half Yearly

60 days from the end of Financial Year for Annual Financial Results
30 May 2020
30 days
30 June 2020
Accounts maintained by Issuers under ILDM Regulations
Quarterly

45 days from end of quarter
15 May 2020
45 days
30 June 2020

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