The relaxation/clarification given regarding provisions of LODR has been briefly discussed as below:
The requirement under Regulation 29 (2) of LODR with regard to the prior intimation of 5 days in case of meetings where financial results are to be considered and 2 working days in case of other meetings shall be reduced to 2 days for all the board meetings to be held till July 31, 2020.
Regulation 39 (3) of LODR which requires listed entities to intimate the stock exchange regarding loss of share certificates and issue of duplicate share certificates within 2 days will not attract any penalty if there is any delay in the intimation. This relaxation is for intimations to be made between March 1, 2020 to May 31, 2020.
It is clarified that authentication/certification of any filing/submission made to stock exchanges under LODR may be done using digital signature certifications until June 30, 2020.
Similarly, provision regarding the publication of financial results after the Board Meeting as given in Regulation 52(8) shall also be extended till May 15, 2020.
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