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Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XB ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISES
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Issue of Specified Securities by SMEs defines nominated investor roles in underwriting and market-making arrangements. Regulation 106N defines key terms for SME issuances: Main Board as a nationwide stock exchange distinct from the SME trading platform; SME exchange as the permitted trading platform for specified securities issued under this Chapter excluding the Main Board; and nominated investor as a qualified institutional buyer or private equity fund contracted with the merchant banker to subscribe in under-subscription or to engage in market-making. 'Private equity fund' means a fund registered with any regulatory authority or established by a registered person. Other undefined terms derive their meanings from regulation 2.
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Provisions expressly mentioned in the judgment/order text.
Issue of Specified Securities by SMEs defines nominated investor roles in underwriting and market-making arrangements.
Regulation 106N defines key terms for SME issuances: Main Board as a nationwide stock exchange distinct from the SME trading platform; SME exchange as the permitted trading platform for specified securities issued under this Chapter excluding the Main Board; and nominated investor as a qualified institutional buyer or private equity fund contracted with the merchant banker to subscribe in under-subscription or to engage in market-making. "Private equity fund" means a fund registered with any regulatory authority or established by a registered person. Other undefined terms derive their meanings from regulation 2.
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