As we all know that COVID 19 is an unprecedented crisis and challenge which is currently being faced by the whole World. Amidst the spread of the pandemic and the imposition of lockdowns, there are various challenges before all the stakeholders in the corporate world.

Regulators in many countries are revising the filing deadlines, changing or providing commentary on requirements for disclosures and reporting, modifying the timing and/or form of Annual General Meetings, changing other governance rules or regulatory processes (such as audit inspections). ICAI also has provided relaxations to students/ members due to COVID-19. Various Advisories have been issued with regard to Accounting/ Auditing/ Peer Review etc.

In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the Ministry of Corporate Affairs and SEBI has given several relaxations and Special measures have been provided to reduce their compliance burden and other risks.

I congratulate CA. Chandrashekhar V. Chitale, Chairman and CA. Durgesh Kabra, Vice Chairman of the Corporate Laws & Corporate Governance Committee for taking this initiative to collate and put in one place the relaxations provided by the Regulators so as to comprehend the members and corporates. The Committee has also issued FAQs and Announcement on various relaxations in an easy to understand manner.

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