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of <h1>SEBI Extends Relaxations for Rights Issues to March 2021, Ensuring Compliance with May 2020 Circular Guidelines.</h1> The Securities and Exchange Board of India (SEBI) issued a circular extending relaxations related to procedural matters for Rights Issues. Initially granted in May 2020, these relaxations were extended to cover Rights Issues opening until March 31, 2021. The extension requires issuers and Lead Managers to comply with specific points from the original May 2020 circular. This directive, effective from the issuance date, is authorized under the SEBI Act, 1992, aiming to protect investors and regulate the securities market. The circular is accessible on SEBI's website under the 'Legal Framework/Circulars' section.
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