SEBI, vide its circular dated January 5, 2023 provided relaxation with compliance requirements under Regulation 58 (1)(b) of the Listing Regulations which prescribes that an entity with listed non-convertible securities shall send a hard copy of statement containing the salient features of all the documents, as specified in Section 136 of Companies Act, 2013 and rules made thereunder to those holders of non-convertible securities who have not registered their email address(es) either with the listed entity or with any depository upto September 30, 2023.
SEBI further added that the relaxation has been provided after considering MCA Circular dated December 28, 2022 where MCA has extended the relaxations from dispatching of physical copies of financial statements till September 30, 2023.
This Circular shall come into force with immediate effect and is applicable to all Issuers who have listed Non-convertible Securities and Recognised Stock Exchanges.
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