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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>SEBI Updates Disclosure Guidelines for IDRs: New Financial Requirements and Compliance for Merchant Bankers.</h1> The circular issued by SEBI outlines amendments to the SEBI (Disclosure and Investor Protection) Guidelines, 2000, specifically Chapter VIA, to align with amendments to the Companies (Issue of Indian Depository Receipts) Rules, 2004. These changes aim to clarify disclosure requirements for Indian Depository Receipts (IDRs). Key amendments include financial disclosure requirements for issuing companies, procedures for rights issues, and the applicability of the guidelines to IDR issues. Merchant bankers must ensure compliance with these amendments, which take immediate effect. The circular also details the due diligence process and the applicability of various chapters and schedules of the DIP Guidelines to IDR issues.