https://www.taxtmi.com/circulars?id=67251 SEBI has rescinded prior circulars that allowed issuers who issued securities to more than the permitted number of investors (over 49 up to 200) to avoid penal action by offering a refund option; the repeal becomes effective six months from this circular, without prejudice to prior actions. The relief remains available only to issuers who complete required procedures and submit the prescribed certificate within the six month transition; thereafter such cases will be dealt with under extant applicable laws and stock exchanges must disseminate the circular. en-us Wed, 13 Mar 2024 00:00:00 +0530 Thu, 14 Mar 2024 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67251 SEBI has rescinded prior circulars that allowed issuers who issued securities to more than the permitted number of investors (over 49 up to 200) to avoid penal action by offering a refund option; the repeal becomes effective six months from this circular, without prejudice to prior actions. The relief remains available only to issuers who complete required procedures and submit the prescribed certificate within the six month transition; thereafter such cases will be dealt with under extant applicable laws and stock exchanges must disseminate the circular. Circulars SEBI Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67251