SEBI's Sixth Amendment to Capital Disclosure Rules: New Rights Issue Procedures and Mandatory Demat Allotments Announced.

The Securities and Exchange Board of India (SEBI) issued the Sixth Amendment to the Issue of Capital and Disclosure Requirements Regulations, 2019, effective upon publication in the Official Gazette. Key changes include mandatory disclosure of the rights entitlements credit process in demat accounts, requirement for applications to rights issues through the ASBA facility, and crediting rights entitlements before the issue opens. Allotments must be in dematerialized form, and certain procedural updates were made regarding application and refund processes. The amendment also adjusts timelines and requirements for disclosures and payments outside the issue period.