Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009

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.... Disclosure Requirements) (Amendment) Regulations, 2009. (ii) These regulations except clauses (a) and (b) of sub-regulation (ix) of regulation 2 shall come into force on the date of their publication in the Official Gazette. (iii) Clause (a) of sub-regulation (ix) of regulation 2 of these regulations shall come into force on 1st April, 2010. (iv) Clause (b) of sub-regulation (ix) of regulation 2 of these regulations shall come into force on 1st January, 2010. 2. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 - (i) in regulation 2, in sub-regulation (1),- (a) for clause (k), the following clause shall be substituted, namely:- '(k) "convertible security" means a security....

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....er document about such non-compliances during the three years immediately preceding the reference date, it shall be deemed as compliance with the condition;" (iii) in regulation 29, in clause (a), after the words "retail individual shareholders" and before the words "may be offered", the words "or employees of the issuer entitled for reservation made under regulation 42 making an application for specified securities of value not more than one lakh rupees," shall be inserted; (iv) in regulation 42,- (a) in sub-regulation (4), in clause (a), for the words "ten per cent. of the issue size" occurring at the end, the words "five per cent. of the post issue capital of the issuer", shall be substituted; (b) after clause (f), the following clau....

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.... categories." (ix) in schedule VIII, in Part A, in para (2), in item (IX),- (a) after the title "Financial Statements", the following notes shall be inserted, namely:- "[Notes: 1. The financial informations specified in this item shall be certified by only those auditors who have subjected themselves to the peer review process of the Institute of Chartered Accountants of India (ICAI) and hold a valid certificate issued by the 'Peer Review Board' of the ICAI. 2. All financial informations specified in this item must be reaudited for one full financial year and the stub period, by the auditor certifying them in case where the financial statements were audited by an auditor who had not been subjected to peer review process of ICAI.]" ....

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....ange having nationwide trading terminals or on a common e-filing platform specified by the Board; (iv) there has not been any change in management of the issuer; (v) specified securities of issuer have not been listed pursuant to relaxation granted from clause (b) of sub-rule (2) of rule 19 of Securities Contracts (Regulation) Rules, 1957. (2) The issuer satisfying the conditions specified in clause (1) may disclose its financial statements as under: (i) Stand-alone and consolidated financial statements of the issuer: (1) A report by the auditors of the issuer with respect to profit or loss and assets and liabilities (indicating changes in accounting policies, if any) in respect of the last completed accounting year for which audit....

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....ding depreciation and taxes) (c) (i) Provision for depreciation (ii) Provision for taxes (d) Estimated net profit / loss (2) Material changes and commitments, if any affecting financial position of the issuer. (3) Week-end prices for the last four weeks; current market price; and highest and lowest prices of equity shares during the period with the relative dates. (iii) Stock market quotation of shares/ convertible instruments of the company (high/ low price in each of the last three years and monthly high/low price during the last six months). (iv) Accounting and other ratios: The following accounting ratios shall be given for each of the accounting periods for which financial information is given: (1) Earnings per share: Thi....

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....e XI,- (a) In Part A, in para (10), in the title, the bracket and the words "(not applicable in case of an IDR issue)" shall be omitted; (b) after Part C, the following part shall be inserted, namely:- "PART D Alternate method of book building In case of further public offers, the issuer may opt for an alternate method of book building, as given in this part subject to the following: (a) Issuer shall follow the procedure laid down in Part A of this Schedule except clause (13) and clause (15) (a) thereof. (b) The issuer shall disclose a floor price in the red herring prospectus. (c) Investors other than retail individual investors shall bid at any price above the floor price. (d) The bidder who bids at the highest price shall be all....