InvestorQ : Will SEBI waive financial disclosure requirements for Indian companies in the first quarter ending Jun-20 also?
Juvina Maggie made post

Will SEBI waive financial disclosure requirements for Indian companies in the first quarter ending Jun-20 also?

Answer
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Angel dcosta answered.
5 months ago


That sounds very unlikely. After agreeing to that demand for the Marr-20 quarter, SEBI is unlikely to agree to India Inc’s demand of waiving financial results disclosures for the first quarter of FY21. CII and FICCI had requested the regulator to relax the norms due to the disruption caused by Covid-19. However, SEBI may not encourage this request as none of the major global jurisdictions had announced such waivers. SEBI was of the view that, since investors were aware of the disruptions caused by the lockdown they might not react in a knee-jerk manner if earnings disappointed.