Sebi’s decision is in line with a 5 May corporate affairs ministry circular allowing companies to hold annual general meetings through video conferencing or any other audio-visual means in 2020 The Securities and Exchange Board of India (Sebi) on Tuesday further eased compliance requirements for listed companies, with a prolonged lockdown continuing to hamper business operations.
The markets regulator scrapped, for 2020, the requirement of companies to dispatch to holders of securities in all cases physical copies of annual reports and proxy forms mentioning that a holder may vote for or against a resolution.
It also clarified on proxies and their right to vote. Sebi’s decision is in line with a 5 May corporate affairs ministry circular