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of <h1>SEBI Amends Capital and Disclosure Regulations: New Caps on Corporate Allocations and Merchant Banker Declarations.</h1> The Securities and Exchange Board of India (SEBI) issued the Fourth Amendment to the (Issue of Capital and Disclosure Requirements) Regulations, 2012, effective upon publication in the Official Gazette. Key changes include defining 'General Corporate Purposes,' capping such allocations at 25% of the raised capital, and stipulating that merchant bankers associated with issuers declare themselves as marketing lead managers. Other amendments address the timing of issue openings, allotment proportions, and disclosure updates. The amendments also adjust application sizes, allotment procedures, and introduce annual updates for offer documents, among other regulatory modifications.
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