Pursuant to the relaxations granted by the Ministry of Corporate Affairs (“MCA”), the Securities and Exchange Board of India (“SEBI”), through a Circular dated 15th January, 2021 has extended the time for sending physical copies of annual report to shareholders and requirement of proxy for general meetings held through electronic mode under the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 till 31st December, 2021.
Background:
Through a Circular dated 31st December, 2020 the Ministry of Corporate Affairs (“MCA”) has further extended relaxations to companies to conduct their Extraordinary General Meeting (EGM) through Video Conferencing (VC) or through other audio-visual means (OAVM) upto 30th June, 2021. Further, through another Circular dated January 13, 2021, MCA has also extended these relaxations to Annual General Meeting (AGMs) of companies due in the year 2021 (i.e. till 31st December, 2021).
In light of these extensions granted by MCA, SEBI has granted the present extension to listed companies in continuation to the earlier relaxations granted till 31st December, 2020 under Paras 3 to 6 of the
Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated 12th May, 2020. The extensions/ relaxations are with regard to sending physical copies of annual report to shareholders and requirement of proxy for general meetings held through electronic mode.
Source: Securities and Exchange Board of India
