Top-100 listed entities can have extra time for holding Annual General Meeting: SEBI
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- Last Updated on 26 July, 2021
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Circular No. SEBI/IA, SEBI/HO/CFD/CMD1/P/CIR/2021/602, Dated 23.07. 2021
After consideration of the request received from the Institue of Chartered Secretaries of India (ICSI), the SEBI has decided to extend the timeline for conduct of AGM by top-100 listed entities by market capitalization. Accordingly, such entities shall hold their AGM within a period of six months from the date of closing of the financial year for 2020-21.
As per Regulation 44(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015), the top 100 listed entities by market capitalization need to hold their AGM within a period of five months from the date of closing of the financial year.
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