9911796707
TMI BlogSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2010.X X X X Extracts X X X X X X X X Extracts X X X X ..... ital and Disclosure Requirements) Regulations, 2009, namely:- 1. (i) These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2010. (ii) These regulations shall come into force on the date of their publication in the Official Gazette. 2. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, (i) in regulation 2,- (a) in sub-regulation (1), in clause (zd), after sub-clause (xi), the following sub-clause shall be inserted, namely:- (xii) insurance funds set up and managed by the Department of Posts, India. (b) in sub-regulation (1), in clause (ze), for the words one ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties or any other right which would entitle any person with any option to receive equity shares: (b) in the proviso, after clause (b), the following clause shall be inserted, namely:- (c) fully-paid up outstanding convertible securities which are required to be converted on or before the date of filing of the red herring prospectus (in case of book-built issues) or the prospectus (in case of fixed price issues), as the case may be. (vi) in regulation 29, in clause (a), for the words one lakh , the words two lakhs shall be substituted; (vii) in regulation 34, in clause (b), - (a) after the words where the equity shares , the words of the issuer shall be inserted; (b) the words of the same class which are proposed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aring in any of the following media: (a) newspapers mentioned in sub-regulation (3) of regulation 9; (b) major business magazines; (c) print and electronic media controlled by a media group where the media group has a private treaty/shareholders agreement with the issuer or promoters of the issuer. (xiv) in regulation 72,- (a) after the proviso to sub-regulation (2), the following Explanation shall be inserted,- Explanation : Where any person belonging to promoter(s) or the promoter group has sold his equity shares in the issuer during the six months preceding the relevant date, the promoter(s) and promoter group shall be ineligible for allotment of specified securities on preferential basis. (b) after sub-regula ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... above details shall be given with respect to a period of five years prior to date of filing of draft offer document and ought to be updated up-to the date of filing of RHP. In case of offer documents for fast track issues filed under Regulation 10, the period of five years shall be reckoned on the date of filing of prospectus with Registrar of Companies or letter of offer with the designated stock exchange. (a)(ii) Details of current and past directorship(s) in listed companies which have been/ were delisted from the stock exchange(s), as follows: Name of the Company: Listed on [give name of the Stock Exchange(s): Date of delisting on the Stock Exchange(s): Compulsory or voluntary delisting : Reasons for delisting: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... losed in respect of the following, namely: i. the last completed accounting year, and ii. the period beginning from the date of the end of the last completed accounting year and ending on the date on which financial statements of the issuer have been disclosed in the offer document. (3) Where the said acquisition or divestment does not fulfill the tests of materiality specified in clause 23 (1) (b) above, the fact of the acquisition or divestment along with the consideration paid / received and the mode of financing such acquisition shall be disclosed. (4) The information disclosed as per sub-clause (2) and (3) above shall be certified by the statutory auditor of the issuer. (III) in item (XI), in sub-item (K), after the wor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Compulsory or voluntary delisting: Reasons for delisting: Whether relisted: Yes/No. If yes, date of relisting on [give name of the Stock Exchange/(s)]. Date and Term of Director in the above company/ies. (xvi) in Schedule XIII, after Part C, the following Part shall be inserted, namely:- Part D [See regulation 60(14] COMPLIANCE CERTIFICATE IN RESPECT OF NEWS REPORTS Sl.No News report details (Newspaper, date, etc) Subject Matter Whether contents of the news report are supported by disclosures in the offer document If yes, page numbers in the draft offer document where the disclosures are made If no, actio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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