SEBI relaxes the timeline for NCD/NCRPS/CPs

The Securities and Exchange Board of India vide its notification dated 8th June 2020 decided to extend the relaxation provided in the earlier circular dated 23rd march 2020 for issuers who intend/propose to list their Non-Convertible Debentures (NCDs)/Non-Convertible Redeemable Preference  Share (NCRPS) /Commercial Papers (CPs) for disclosure of financial results for another one month.

The decision has been taken in the wake of the coronavirus pandemic, which has resulted in many restrictions, including the free movement of people, thereby hampering businesses and the day-to-day functioning of the companies.

Click here to read the Notification.