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of <h1>SEBI Updates NOC Process for Release of 1% Issue Amount Under Listing Obligations and Disclosure Regulations 2015.</h1> The circular issued by SEBI addresses the process for obtaining a No Objection Certificate (NOC) for the release of 1% of the issue amount deposited by issuer companies with designated stock exchanges. With the implementation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective December 1, 2015, the previous procedure outlined in the 2009 circular is partially modified. The modifications include updating references to relevant SEBI regulations concerning capital issuance and removing mentions of the Listing Agreement. This circular is issued under SEBI's authority to protect investor interests and regulate the securities market.
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