The Securities and Exchange Board of India (SEBI) prescribes several compliance requirements for listed entities under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). In the last couple of months, we have seen that the ongoing novel coronavirus (COVID 19) pandemic has caused substantial disruption to business and impeded ordinary functioning. Therefore, on 19 March 2020, SEBI issued a circular (Circular) relaxing some compliance requirements under the Listing Regulations, effective immediately.
While these are important reliefs for listed entities, considering the ongoing pandemic, we expect that SEBI will be issuing further relaxations on other fronts as well.
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