The Securities and Exchange Board of India (SEBI) has issued amendments to the Issue of Capital and Disclosure Requirements Regulations, 2018. These changes, effective from their publication date, modify specific regulations concerning capital issuance. Key updates include revised conditions for frequently traded equity shares, adjustments to provisos in certain regulations, and modifications to lock-in provisions for achieving public shareholding targets.
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 8th January, 2021
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2021
No. SEBI/LAD-NRO/GN/2021/03.-In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend theSecurities and Exchange Board of India (Issue of Capital and Disclosu
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FAQ :
These are new regulations introduced by SEBI to further amend the existing Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The regulations come into force on the date of their publication in the Official Gazette.
Regulation 112 has been amended to revise the conditions for issuers whose equity shares are frequently traded on a stock exchange for at least three years, focusing on investor complaint redressal and compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Yes, a new proviso has been inserted into regulation 167 stating that the lock-in provision shall not be applicable to specified securities to the extent required to achieve 10% public shareholding.
The amendments aim to update and refine the rules governing the issue of capital and the disclosure requirements for companies, ensuring better compliance and investor protection.
Source : https://www.sebi.gov.in/legal/regulations/jan-2021/securities-and-exchange-board-of-india-issue-of-capital-and-disclosure-requirements-amendment-regulations-2021_48704.html