August 03, 2020
Summary of the circulars issued by SEBI on 31/07/2020
1. SEBI clarifies that investors with physical securities are allowed to tender shares in buybacks, open offers and delisting of securities.
SEBI clarifies that shareholders holding securities in physical form are allowed to tender shares in open offers, buy-backs through tender offer route and exit offers in case of voluntary or compulsory delisting and the restriction under Regulation 40(1) of LODR Regulations shall not apply.
2. SEBI allows extension on use of digital signature certifications for authentication/certification of filings/ submissions made to Stock Exchanges till 31/12/2020
SEBI has permitted Listed entities to authenticate/certify any filing/submission made to stock exchanges on or after July 1, 2020 under the LODR Regulations, using digital signature certificates (DSCs) till December 31, 2020.
Earlier SEBI had permitted the same until June 30, 2020 vide its circular dated April 17, 2020.