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Relaxation of Regulation 36(1)(b) & 44(4) of SEBI(LODR) till September 30, 2025

Notification No.: SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024

Relevant Act : SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Relevant Section/Rule/Regulation: Regulation 36(1)(b) & 44(4)

  1. SEBI had earlier vide circular dated October 7, 2023, relaxed the applicability of regulation 36(1)(b) of the of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) for Annual General Meetings (AGMs) and regulation 44(4) of the LODR Regulations for general meetings (in electronic mode) held till September 30, 2024 based on the relaxations provided by MCA vide General Circular no. 09/2023 dated September 25, 2023.  

 

  1. Recently, MCA, vide General Circular No. 09/2024 dated September 19, 2024, has extended the relaxation from sending physical copies of financial statements (including Board’s report, Auditor’s report or other documents required to be attached therewith) to the shareholders, for the AGMs conducted till September 30, 2025. 

 

  1. SEBI has also received representations to extend the relaxations mentioned at para 1 above.

 

  1. In view of the above, SEBI has extended the relaxations mentioned at para 1 above till September 30, 2025.

 

  1. It is pertinent to note that the listed entities shall ensure compliance with the conditions stipulated at para 5.1 and 5.2 of section VI-J of chapter VI of the Master Circular dated July 11, 2023 on compliance with the provisions of the LODR Regulations while availing the relaxations specified above.

Link:https://www.sebi.gov.in/legal/circulars/oct-2024/relaxation-from-compliance-with-certain-provisions-of-the-sebi-listing-obligations-and-disclosure-requirements-regulations-2015_87323.html

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