Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
SEBI grants a one-time relaxation extending the validity of observation letters expiring between 1 April 2026 and 30 September 2026 until 30 September 2026, where issuers face market-related delays in public issue planning. The extension is subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the ICDR Regulations when submitting the updated offer document. The circular applies with immediate effect and preserves the existing framework on the validity period of SEBI observations, while temporarily easing lapses caused by uncertain market conditions.
SEBI grants a one-time relaxation extending the validity of observation letters expiring between 1 April 2026 and 30 September 2026 until 30 September 2026, where issuers face market-related delays in public issue planning. The extension is subject to an undertaking from the lead manager confirming compliance with Schedule XVI of the ICDR Regulations when submitting the updated offer document. The circular applies with immediate effect and preserves the existing framework on the validity period of SEBI observations, while temporarily easing lapses caused by uncertain market conditions.
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