TaxTMI 
TaxTMI 
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2024.
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....ion 14, in sub-regulation (1), in the first proviso, after the words "Insurance Regulatory and Development Authority of India" and before the words "may contribute", the words and symbols "or any non-individual public shareholder holding at least five per cent. of the post-issue capital or any entity (individual or non-individual) forming part of promoter group other than the promoter(s)" shall be inserted; II. in regulation 15, ii. in sub-regulation (1), 1. in clause (b), after the words "Insurance Regulatory and Development Authority of India" and before the words and symbol ", during the preceding", the words and symbols "or any non-individual public shareholder holding at least five per cent. of the post-issue capital or any entity (individual or non-individual) forming part of promoter group other than the promoter(s)" shall be inserted; 2. in clause (b), in the proviso, A. in clause (i), after the words "Insurance Regulatory and Development Authority of India" and before the words and symbol ", as applicable", the words and symbols "or any non-individual public shareholder holding at least five per cent. of the post-issue capital o....
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....egulation 80 shall be omitted; VII. Regulation 135 shall be omitted; VIII. in regulation 142, in sub-regulation (3), the words "three working days" shall be substituted by the words "one working day" and after the word "similar", the word "unforeseen" shall be inserted; IX. in Regulation 166, - i. the existing regulation shall be renumbered as sub-regulation (1); ii. after sub-regulation (1), the following new sub-regulation (2) shall be inserted, namely- "(2) The effect on the price of the equity shares of the issuer due to material price movement and confirmation of reported event or information may be excluded as per the framework specified under sub-regulation (11) of regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for determination of the price for a preferential issue in accordance with regulations 164, 164A, 164B or 165 of these regulations." X. in regulation 176, after the existing sub-regulation (4) and before the Explanation, the following new-sub-regulation (5) shall be inserted, namely,- "(5) The effect on the price of t....
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....ance companies registered with Insurance Regulatory and Development Authority of India or any nonindividual public shareholder holding at least five per cent. of the post issue capital or any entity (individual or non-individual) forming part of promoter group other than the promoter(s), as applicable, for a period of at least one year prior to the filing of the draft offer document and such fully paid-up compulsorily convertible securities are converted or exchanged into equity shares prior to the filing of the offer document (i.e., red herring prospectus in case of a book built issue and prospectus in case of a fixed price issue), provided that full disclosures of the terms of conversion or exchange are made in such draft offer document;" XV. in regulation 238, in clause (a), after the words "Insurance Regulatory and Development Authority of India" and before the words and symbol ", as applicable", the words and symbols "or any nonindividual public shareholder holding at least five per cent. of the post-issue capital or any entity (individual or non-individual) forming part of promoter group other than the promoter(s)" shall be inserted; XVI. Regulation 259 shal....
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....closed in the draft offer document" shall be inserted. BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./126/2024-25] Footnotes: 1. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 was published in the Gazette of India on September 11, 2018, vide notification No. SEBI/LADNRO/ GN/2018/31. 2. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 was subsequently amended on - (a) December 31, 2018 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2018, vide notification No. SEBI/LAD-NRO/GN/ 2018/57. (b) March 29, 2019 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2019, vide notification No. SEBI/LAD-NRO/GN/ 2019/05. (c) April 5, 2019 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019, vide notification No. SEBI/LADNRO/ GN/2019/08. (d) July 29, 2019 by the Securities and Excha....
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....ide notification No. SEBI/LADNRO/ GN/2021/03. (p) May 5, 2021 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2021, vide notification No. SEBI/LADNRO/ GN/2021/18. (q) August 3, 2021 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021, vide notification No. SEBI/LAD-NRO/GN/2021/30. (r) August 13, 2021 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2021, vide notification No. SEBI/LADNRO/ GN/2021/45. (s) October 26, 2021 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021, vide notification No. SEBI/LADNRO/ GN/2021/52. (t) January 14, 2022 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022, vide notification No. SEBI/LAD-NRO/GN/ 2022/ 63. (u) April 27, 2022 by the Securities and Exchange Board of India (Issue of Capital and Disclosure ....