Regulatory timeline shortened: ICDR amendment reduces prescribed compliance period to two weeks under revised regulation 172(3). The Amendment Regulations substitute the previously prescribed period of six months in regulation 172(3) of the ICDR Regulations, 2018 with a period of two weeks, thereby shortening the compliance timeframe. The amendment is titled as the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2020 and comes into force upon publication in the Official Gazette.
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Regulatory timeline shortened: ICDR amendment reduces prescribed compliance period to two weeks under revised regulation 172(3).
The Amendment Regulations substitute the previously prescribed period of six months in regulation 172(3) of the ICDR Regulations, 2018 with a period of two weeks, thereby shortening the compliance timeframe. The amendment is titled as the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2020 and comes into force upon publication in the Official Gazette.
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