Advisory on Preventive measures to contain the spread of COVID19.

To, 

All Companies/ LLPs

Sub: Advisory on Preventive measures to contain the spread of COVID19.

Dear Chairman/ MD/ CEO, 

As we all are aware, the Novel Coronavirus (COVID19) has affected over 110 countries, including India. Given the magnitude and the extent of its spread, the WHO has declared it a Pandemic. Apart from human suffering, it is also causing major economic disruptions.

2. In order to deal with this public health situation, the corporate sector would require to play a key role in implementing the strategic policy decision of social distancing which is most crucial for reducing the rate and extent of the disease transmission at the community level.

3. Taking cognizance of the gravity of the public health situation, the Government in the Ministry of Corporate Affairs has relaxed the rules with respect to meetings of the board and dispensed with the necessity of holding physical meetings on matters relating to approval of financial statements, board report, restructuring, etc. up to 30th June 2020. We are also examining any other relaxations under the Companies Act, 2013, that may be necessitated on account of COVID-19.

4. Since Companies/ Limited Liability Partnerships are major employers, especially in urban areas, their full participation and cooperation are most essential to fully realize the object of social distancing as a means to contain the spread, morbidity, and mortality due to disease. As part of disaster management to meet this urgent and severe health exigency all companies/ LLPs are expected and strongly advised to put in place an immediate plan to implement the ”work from home” policy as a temporary measure till 31st March 2020, after which the position will be reviewed by the appropriate authorities as per the evolving situation. All companies/ LLPs are advised to implement the ”Work from home” policy in their headquarters and field offices to the maximum extent possible, including by conduct of meetings through video conference or other electronic/ telephonic/ computerized means.

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