SEBI extends compliance deadline for municipal bond issuers
The Securities and Exchange Board of India (SEBI) has further extended timelines for regulatory compliances by issuers of municipal debt securities in view of the Covid-19 pandemic.
The regulator extended the relaxations in terms of submission of investor grievance report, financial results and accounts maintained by issuers under the SEBI norms. Now the deadline for making these submissions has been extended till July 31. In March, the SEBI had extended the deadline till June 30.
The circular would be implemented with immediate effect. The SEBI advised the exchanges to bring the provisions of this circular to the notice of all listed entities that have issued municipal debt securities and also disseminate it on their websites.
The securities market regulator has provided several relaxations to companies and market participants due to the inconveniences emerged out of the pandemic.
Last week, it extended the deadline for regulatory filing and compliances for investment vehicles - REITs and InvITs -- for the period ended March 31, 2020 by another month over and above the extension given in March.
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