Relaxation in adherence to prescribed timelines issued by SEBI due to Covid
19
At present, the nation is observing complete
lockdown due to CoVID-19 under the direction of Government of India. A need has
been felt to extend to extend the timelines for processing of
various investor requests
pertaining to physical
securities and Compliance and
disclosures to be made under SEBI Regulations and various SEBI circulars.
SEBI has issued circular no. SEBI/HO/MIRSD/RTAMB/CIR/P/2020/59
dated April 13, 2020 containing directions for Registrars to an issue and Share
Transfer Agents/ Issuer Companies, holding SEBI registration under Category 1
or Category 2 of RTI/STA giving following relaxation in timelines:
- 21 days relaxation is given to intermediaries / market participants which is equivalent to nationwide lockdown declared by Government of India for activities/investor requests/compliances as per Annexure to circular no. SEBI/HO/MIRSD/RTAMB/CIR/P/2020/59 dated April 13, 2020
-----------------------------------------------------------------------------------------
Annexure
to circular no.SEBI/HO/MIRSD/RTAMB/CIR/P/2020/59 dated April
13, 2020 is reproduced below:
|
S.
No.
|
Particulars
|
|
1
|
Processing of Remat
Requests
|
|
2
|
Processing of
Transmission Requests
|
|
3
|
Processing of request
for Issue of Duplicate Share Certificates
|
|
4
|
Processing of Requests
for Name Deletion/
Name Change/ Transposition/ Pending Share Transfers
(Re-lodgement cases in the case of share transfers)
|
|
5
|
Processing
of Requests for Consolidation / Split / Replacement of Share Certificates /
Amalgamation of Folios
|
|
6
|
Handling Investor
Correspondence / Grievances / SCORES complaint
|
|
|
Submission
of Half Yearly Report to SEBI pursuant to Circular
No. CIR/MIRSD/7/2012 dated July 5, 2012
|
|
8
|
Compulsory
Internal Audit of RTAs by CA / CS / CMA holding Certificate of Practice and Certified Information
Systems Auditor (CISA) / Diploma Information Systems Auditor (DISA) pursuant
to Circular dated April 20, 2018, issued by SEBI
|
|
9
|
Submission
of Audit Report by CISA / CISM qualified or equivalent auditor by QRTAs to SEBI along with comments
of the Board pursuant to Circular
dated September 8, 2017 issued by SEBI on Cyber Security and Cyber Security
Resilience framework for QRTAs
|
|
10
|
Submission
of Compliance Report
by QRTAs duly
reviewed by the Board
of Directors of the QRTA to SEBI on Enhanced monitoring of QRTAs pursuant to Circular dated August 10,
2018 issued by SEBI
|
|
11
|
Regulation 74(5) of
the SEBI (D & P) Regulations, 2018
|
|
12
|
Regulation 76
of the Securities
and Exchange Board
of India (Depositories and Participants) Regulations,
2018
|
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