New Delhi
In general, companies have to report their earnings within one month of a quarter ending and if results get delayed, the companies have to inform the exchanges, as per the norms.
In a circular SEBI said it has received representations from listed entities, chartered accountant firms, and industry bodies to seek further extension in time for preparation, finalisation and submission of financial results for listed entities for the quarter, half year or financial year ending March 2020.
It has also extended the timeline for the Q4 and FY20 financial results of listed non-convertible debentures and commercial papers by another month. “It has been decided to further extend the timeline for submission of financial results by a month, to July 31, 2020, for the quarter and the year ending March 31, 2020,” it said.
Meanwhile, the Ministry of Corporate Affairs has extended the deadline for registration of independent directors on its online databank till September 30. The previous deadline was June 30. Initially, the independent directors were to register themselves with the databank within three months starting December 1.
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