SEBI Amends Regulations: Faster Timelines, QR Codes in Ads, Streamlined Disclosures for Non-Convertible Securities.

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....This notification amends the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Key changes include reducing the timeline for posting draft offer documents from 7 to 5 days, with 1-day posting for issuers listed on exchanges with nationwide terminals. Advertisements can be through electronic modes like online newspapers or issuer/exchange websites, with a QR code notice in print media. The timeline for opening the issue is reduced from 3 to 2 days, and allotment within 1 working day. Disclosure requirements are modified, removing personal details like addresses and PAN numbers, allowing branch details via QR codes, revising use of proceeds and financial information disclosures, and au.........