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of <h1>SEBI Amends Capital Disclosure Rules: New Migration Path for Innovators Growth Platform, Updates on Promoter Contributions, Lock-In Periods.</h1> The Securities and Exchange Board of India (SEBI) issued the Fourth Amendment to the Issue of Capital and Disclosure Requirements Regulations, 2019. The amendment modifies definitions related to foreign portfolio investors, replacing references to 'Category III' with exclusions for individuals, corporate bodies, and family offices. It introduces a new section allowing companies listed on the Innovators Growth Platform to migrate to the main board of stock exchanges, subject to specific conditions such as minimum shareholder numbers, financial criteria, and compliance with market regulations. The amendment also addresses promoter contribution requirements and lock-in periods for shares.
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