New Delhi: Market regulator Securities and Exchange Board of India (Sebi) on Wednesday extended the timeline for submission of financial results by a month to July 31 in the wake of coronavirus pandemic.
In a release, Sebi said that it has received representations from listed entities, chartered accountants and industry bodies seeking further extension of time for preparation, finalisation and submission of financial results for the March quarter, half year and FY20.
“Due to many reasons, like the continuing lockdown, subsidiaries and associates situated in containment zones making the audit process challenging and other operational challenges due to the Covid-19 pandemic,” the market regulator said.
Earlier in March, Sebi had extended the deadline to file financial results till June 30.
In another update, relaxing compliance requirement for foreign portfolio investors (FPIs), Sebi on Tuesday allowed scanned copies of documents for renewing renewing registration till August 31.
Earlier, this relaxation too was given till June 30.Sebi said in a circular that it received representations from various stakeholders about extending temporary relaxation with respect to compliance requirements for FPIs.
Accordingly, the regulator has decided to extend the relaxations in a situation where FPIs are not in a position to send original and/or certified documents.
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