Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019

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....ulations, 2018, namely:- 1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019. 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, 2018 - I. in regulation 2, in sub-regulation (1),- i. clause (x), shall be substituted with the following, namely,- " "innovators growth platform" means the trading platform for listing and trading of specified securities of issuers that comply with the eligibility criteria specified in regulation 283;" ii. in clause (y), the words "institutional tradin....

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....all the following criteria: i. It is a pooled investment fund with minimum assets under management of one hundred and fifty million USD; ii. It is registered with a financial sector regulator in the jurisdiction of which it is a resident; iii. It is resident of a country whose securities market regulator is a signatory to the International Organization of Securities Commission's Multilateral Memorandum of Understanding (Appendix A Signatories) or a signatory to Bilateral Memorandum of Understanding with the Board; iv. It is not resident in a country identified in the public statement of Financial Action Task Force as: a) a jurisdiction having a strategic Anti-Money Laundering or Combating the Financing of Terrorism deficiencies to....

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....pliance with minimum public shareholding requirements specified in the Securities Contracts (Regulation) Rules, 1957. (2) The minimum offer size shall be ten crore rupees." VIII. in regulation 286, the words "ten lakh rupees" shall be substituted with the words "two lakh rupees and in multiples thereof". IX. in regulation 287,- (i) in sub-regulation (1), the words "two hundred" shall be substituted with the words "fifty". (ii) sub-regulation (2) shall be substituted with the following, namely,- "The allotment to institutional investors as well as non-institutional investors shall be on a proportionate basis." (iii) sub-regulations (3), (4) and (5) shall be omitted. (iv) the existing sub-regulation (6) shall be renumbered as su....