Sebi gives relief to firms on certain LODR provisions

MUMBAI: Amidst the situation arising out of the COVID-19 pandemic, market regulator Sebi on Friday provided relaxation to companies from compliance with certain provisions of Listing Obligations and Disclosure Requirements (LODR) Regulations. Sebi noted that the MCA has extended relaxations for companies to conduct their extraordinary general meeting through video conferencing or through other audio-visual means up to June 30, 2021 and for annual general meeting of companies due in 2021. Accordingly, the relaxations in respect of sending physical copies of annual report to shareholders and requirement of proxy for general meetings held through electronic mode are extended for listed entities till December 31, 2021.