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of <h1>Regulation 115 Validates Actions Under Repealed SEBI 2000 Guidelines; Pending Applications Transition to New Rules</h1> Regulation 115 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 repeals the SEBI (Disclosure and Investor Protection) Guidelines, 2000. Despite this repeal, actions previously taken under the 2000 Guidelines, such as observations on draft offer documents, inquiries, investigations, or show cause notices, are considered valid under the new regulations. Additionally, any offer documents or applications submitted under the 2000 Guidelines and still pending will be treated as filed under the new regulations. Regulation 111 was renumbered as Regulation 115 effective December 1, 2015.
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