June 25, 2020
Summary of the circular and notification issued by SEBI and MCA on 24/06/2020 and 23/06/2020 respectively.
1. Extension of deadline for Listed Entities for submission of financial results for the quarter/half year/financial year ending 31st March 2020 to 31/07/2020 due to the continuing impact of the CoVID-19 pandemic
SEBI, through this circular, has extended the deadline further from its earlier relaxed deadline of 30/06/2020 to 31/07/2020 with respect to the following –
– submission of financial results under Regulation 33 of the LODR Regulations for the quarter and the year ending 31/03/2020.
– submission of half yearly and/or annual financial results under Regulation 52 of the LODR for the period ending 31/03/2020 for entities that have listed Non-Convertible Debentures (NCDs), Non-Convertible Redeemable Preference Shares (NCRPS), Municipal Debt Securities (MDS) and Commercial Papers (CPs).
2. Amendment to list of eligible CSR Expenditure under Companies Act, 2013
MCA now allows amount spent towards any measure for the benefit of Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows to be treated as eligible CSR expense under the Companies Act, 2013.
These amendments are integrated in our free-to-use website ca2013.com for quick reference.