TaxTMI 
TaxTMI 
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009
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....dia (Issue of Capital and 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:- ....
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.... exchange, as the case may be, and adequate disclosures are made in the offer 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 capita....
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....on in retail individual investor category, spill over to the extent of under-subscription shall be permitted to other 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 ce....
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....her public offer are of the same class of those already listed on a recognised stock exchange; (iii) financial reports of the issuer are available on the website of any recognised stock exchange 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: ....
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....nd up to the end of the last but one month preceding the date of the offer document shall be furnished. (1) Working results of the issuer under following heads: (a) (i) Sales / turnover (ii) Other income (b) Estimated gross profit / loss (excluding 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 ins....
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....rs Funds 18570 41940 Long Term Debt/Equity 0.24:1 0.10:1 Note: Since 31-3-1995 (which is the last date as of which financial information has been given in para ... of this document), share capital was increased from Rs. 3000 lacs to Rs. 4000 lacs by the issue of bonus shares in the ratio of 1 share for every 3 shares. (vi) One standard financial unit shall be used in the offer document." (x) In schedule 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 al....