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        SEBI

        One-time relaxation with respect to validity of SEBI Observations

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        SEBI observation letter validity relaxation extends expiry dates for public issue filings subject to lead manager undertaking. SEBI has granted a one-time relaxation extending the validity of observation letters expiring between 1 April 2026 and 30 September 2026 up to 30 September 2026. The extension applies subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the ICDR Regulations while submitting the updated offer document to the Board. The circular takes immediate effect and operates within the framework governing the opening of public issues after SEBI observations.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            SEBI observation letter validity relaxation extends expiry dates for public issue filings subject to lead manager undertaking.

                            SEBI has granted a one-time relaxation extending the validity of observation letters expiring between 1 April 2026 and 30 September 2026 up to 30 September 2026. The extension applies subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the ICDR Regulations while submitting the updated offer document to the Board. The circular takes immediate effect and operates within the framework governing the opening of public issues after SEBI observations.


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