TaxTMI 
TaxTMI 
(Securities and Exchange Board of India) (Issue of Capital And Disclosure Requirements) (Second Amendment) Regulations, 2014
X X X X Extracts X X X X
X X X X Extracts X X X X
....l and Disclosure Requirements) Regulations, 2009, namely:- 1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, - (i) in regulation 26, sub-regulation (6),- A. in clause (b) of second proviso, the symbol "." shall be substituted with symbol ";"; B. after clause (b) of second proviso, a new clause shall be inserted, namely:- "(c) if the specified securities offered for sale were issued under a bonus issue on....
X X X X Extracts X X X X
X X X X Extracts X X X X
....of total shares of such class of the issuer shall represent the total number of shares." (v) in regulation 76,- A. in the title of the regulation, the words and symbol" - Frequently traded shares" shall be inserted after the words "Pricing of equity shares" ; B. the words "closing prices" wherever occurring, shall be substituted with the words "volume weighted average price". (vi) after regulation 76, the following regulations shall be inserted, namely:- "Pricing of equity shares - Infrequently traded shares. 76A. Where the shares are not frequently traded, the price determined by the issuer shall take into account valuation parameters including book value, comparable trading multiples, and such other parameters as are cus....
X X X X Extracts X X X X
X X X X Extracts X X X X
....namely:- "ILLUSTRATION REGARDING ALLOTMENT TO QUALIFIED INSTITUTIONAL BUYERS OTHER THAN ANCHOR INVESTORS (1) Issue Details Sr. No. Particulars Issue details 1 Issue size 200 crore equity shares 2 Portion available to QIBs* 100 crore equity shares 3 Anchor Investor Portion 60 crore equity shares Of which a. Reservation to MF (1/3rd) 20 crore equity shares b. Balance for all QIBs including MFs 40 crore equity shares 4 Portion available to QIBs* other than anchor investors [(2) - (3)] 40 crore equity shares Of which a. Reservation to MF (5%) 2 crore equity shares b. Balance for all QIBs including MFs 38 crore equ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ocated to QIBs, 2 crore shares (i.e. 5%) will be allocated on proportionate basis among 5 mutual fund applicants who applied for 200 crore shares in QIB category. (3) The balance 38 crore equity shares [i.e. 40 - 2(available for MFs)] will be allocated on proportionate basis among 10 QIB applicants who applied for 500 crore shares (including 5 MF applicants who applied for 200 crore shares). (4) The figures at Col. No. IV are arrived as under : a. For QIBs other than mutual funds (A1 to A5) = No. of shares bid for (i.e Col II) X 38 / 498 b. For mutual funds (MF1 to MF5) = {(No. of shares bid for (i.e Col. II) less No. of shares allotted (i.e., col. III )} X 38/498 c. The numerator and denominator for arriving at allocation of....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Capital and Disclosure Requirements) (Amendment) Regulations, 2011 vide F. No. LADNRO/GN/2011-12/05/13907. (g) 23rd September, 2011 by Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 vide No. LAD-NRO/GN/2011-12/24/30181. (h) 23rd September, 2011 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011 vide F. No. LADNRO/GN/2011-12/25/30309. (i) 30th January, 2012 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2011-12/34/2499. (j) 7th February, 2012 by Securities and Exchange Board of India (Issue of Capital and D....