To adhere to the MCA circular dated September 25, 2023, permitting companies to conduct AGMs & EGMs through VC or OAVM until September 30, 2024, and allowing an extension for the relaxation concerning the dispatch of physical copies of financial statements to shareholders, SEBI has released circulars on October 06, 2023, & October 07, 2023. These circulars extend the relaxation from the provisions of regulations 36(1)(b), 44(4), and 58(1)(b) of SEBI LODR Regulations until September 30, 2024.
Regulation 36(1)(b): This regulation pertains to sending hard copies of statements containing the salient features of prescribed documents under Section 136 of the Companies Act, 2013, or rules made thereunder to shareholders not registered.
Regulation 44(4): Mandates listed entities to dispatch proxy forms to holders of securities of the company.
Regulation 58(1)(b): Specifies that a listed entity must send a hard copy of the statement containing the salient features of all documents, as outlined in Section 136 of the Companies Act, 2013, and rules made thereunder to holders of non-convertible securities who are not registered
Links for reference:
https://www.sebi.gov.in/legal/circulars/oct-2023/relaxation-from-compliance-with-certain-provisions-of-the-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-reg-_77781.html
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