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<h1>SEBI Updates Guidelines: New Disclosure Rules and Modified Lock-in for Promoter Contributions in IPOs.</h1> The Securities and Exchange Board of India (SEBI) has amended its Disclosure and Investor Protection Guidelines, 2000, following recommendations from the Joint Parliamentary Committee and the Malegam Committee. These amendments, effective immediately, modify lock-in requirements for promoter contributions and introduce new disclosure requirements for offer documents. Specifically, shares locked in before an IPO can be transferred under certain conditions, and offer documents must now be approved and signed by the issuer company's board and key executives. Additionally, detailed financial metrics must be disclosed, including earnings per share and net asset value, without using projected earnings to justify the issue price.