image

SEBI (Issue of Capital and Disclosure Requirements) (Fifth Amendment) Regulations, 2015

No. SEBI/LAD-NRO/GN/2015-16/012.”€In exercise of the powers conferred by 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 the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, namely:-
1. These regulations may be called the SEBI (Issue of Capital and Disclosure Requirements)(Fifth Amendment) Regulations, 2015.
2. They shall come into force on the first day of January, 2016.
3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009:-
(I) In regulation 12, after the words and symbol syndicate members, and before the word underwriters, the words and symbols registrar to issue and share transfer agents,depository participants, stock brokers, shall be inserted.
(II) In regulation 58, sub-regulation (5) shall be substituted with the following, namely:-(5) In all,
(i)Public issues, the issuer shall accept bids using only ASBA facility in the manner specified by the Board;
(ii)Rights issues, where not more than one payment option is given, the issuer shall provide the facility of ASBA in accordance with the procedure and eligibility criteria specified by the Board.
To access the complete Regulation, please click below:
profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates