Further to the circular issued by the Securities and Exchange Board of India (SEBI) on 19 March 2020, another circular dated 23 March 2020 (Circular) has been issued by SEBI providing certain clarifications relating to timelines for listed entities under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and relaxations for issuers which have listed or propose to list non-convertible debentures (NCDs), nonconvertible redeemable preference shares (NCRPS) and commercial papers (CPs), effective immediately.
Additionally, recognising a need for temporary relaxations with respect to compliance requirements for mutual funds, SEBI has issued a separate circular on 23 March 2020 (MF Circular) providing certain relaxations for compliance requirements for mutual funds under the SEBI (Mutual Funds) Regulations, 1996 (MF Regulations).
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