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    <title>Master Circular for Issue of Capital and Disclosure Requirements</title>
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    <description>The Master Circular consolidates SEBI directions under the ICDR Regulations, rescinds listed prior circulars while deeming past actions and pending applications under those circulars as having been taken under corresponding provisions here. It prescribes a fine and enforcement framework for non-compliance, standardized rights issue procedures including dematerialized rights entitlements and mandatory ASBA, revised abridged prospectus and cover disclosures with KPI substantiation, mandatory online filing and an Issue Summary Document regime in structured format, retail compensation rules for ASBA failures, and rules for NCDs with warrants and Innovators Growth Platform investor recognition.</description>
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