Amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 - Increasing the investment bucket for anchor investor and regulations concerning the preferential issue norms
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Anchor investor allocation change clarifies when revised rules apply to filings and preferential issue notices. Amendments raise the anchor investor allocation and revise preferential issue rules. The revised anchor investor sub regulation applies to issuers filing offer documents with the Registrar of Companies on or after the amendment notification date. New and revised Chapter VII preferential issue regulations apply where the general meeting notice for the special resolution on preferential allotment is issued on or after the amendment notification date. The circular clarifies these temporal applicability rules to resolve interpretive difficulties.
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Anchor investor allocation change clarifies when revised rules apply to filings and preferential issue notices.
Amendments raise the anchor investor allocation and revise preferential issue rules. The revised anchor investor sub regulation applies to issuers filing offer documents with the Registrar of Companies on or after the amendment notification date. New and revised Chapter VII preferential issue regulations apply where the general meeting notice for the special resolution on preferential allotment is issued on or after the amendment notification date. The circular clarifies these temporal applicability rules to resolve interpretive difficulties.
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