Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2012 - LAD-NRO/GN/2012-13/18/5391 - SEBI
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Cap on general corporate purposes and strengthened allocation, disclosure, promoter contribution and allotment rules for public issues. Amendments define and cap General Corporate Purposes, restrict associate merchant bankers to marketing as a Marketing Lead Manager, shorten timelines for opening offers, adjust financial eligibility thresholds, allow an institutional-heavy book-built route with refund obligations for issuers not meeting profit criteria, revise allocation splits among investor categories with carve-outs for mutual funds, permit limited alternative investment fund participation to meet promoter contribution shortfalls, mandate annual updation of red herring prospectus disclosures, and clarify retail minimum bid-lot and proportionate allotment mechanics.
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.
Cap on general corporate purposes and strengthened allocation, disclosure, promoter contribution and allotment rules for public issues.
Amendments define and cap General Corporate Purposes, restrict associate merchant bankers to marketing as a Marketing Lead Manager, shorten timelines for opening offers, adjust financial eligibility thresholds, allow an institutional-heavy book-built route with refund obligations for issuers not meeting profit criteria, revise allocation splits among investor categories with carve-outs for mutual funds, permit limited alternative investment fund participation to meet promoter contribution shortfalls, mandate annual updation of red herring prospectus disclosures, and clarify retail minimum bid-lot and proportionate allotment mechanics.
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