The Securities and Exchange Board of India vide its notification dated 31st August 2020, has decided to extend the temporary relaxation granted in its earlier notification dated 30th March 2020 to the entities from jurisdictions that are still under lockdown.
The temporary relaxations shall be extended to the entities from such jurisdictions till the time lockdown is lifted from such jurisdictions, however for the entities from jurisdictions where lockdown has already been lifted, the relaxation provided under the aforesaid circular dated March 30, 2020 shall not be applicable.
SEBI has earlier granted the relaxation in a situation where FPIs are not in a position to send original and/ or certified documents and has further directed the depository participants and custodians to process the request for registration, continuance, KYC, and any other material change on the basis of the scanned version of signed documents (instead of originals) and copies of documents which are not certified, received from e-mail IDs of their global custodians or existing clients where these details are already captured in records or e-mail IDs of new clients received from domains which are duly encrypted.
