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TMI BlogSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... egulations, 2018, namely: - 1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2021. 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), in clause (pp), under sub-clause (iii), the point (C) shall be omitted. II. In regulation 16, - i. in sub-regulation (1), in clause (a), the words "three years from the date of commencement of commercial production or date of allotment in the initial public offer, whichever is later", shall be substitu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs from the date of commencement of commercial production or from the date of allotment in further public offer, whichever is later;" shall be substituted with the words "eighteen months from the date of allotment of the further public offer:". ii. after clause (a), the following proviso shall be inserted, namely, - "Provided that in case the majority of the issue proceeds excluding the portion of offer for sale is proposed to be utilized for capital expenditure, then the lock-in period shall be three years from the date of allotment in the initial public offer." iii. in clause (b), the words "one year" shall be substituted with the words "six months". iv. after clause (b), the following proviso shall be inserted, namely, - "Provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... market capitalization for listed/ based on turnover in case of unlisted) for the preceding three years shall be hosted on the website of the respective group company (listed/ unlisted): (i) reserves (excluding revaluation reserve); (ii) sales; (iii) profit after tax; (iv) earnings per share; (v) diluted earnings per share; and (vi) net asset value. The offer document shall refer the website where the details of the group companies shall be available." v. in clause (13), sub-clause (B), (C), (E) and (F) shall be omitted and sub-clause (D) and (G) shall be re-numbered accordingly. AJAY TYAGI, Chairman [ADVT.-III/4/Exty./202/2021-22] Footnotes: 1. The Securities and Exchange Board of India (Issue of Capital and Disclosure R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... curities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Sixth Amendment) Regulations, 2019, vide notification No. SEBI/LAD-NRO/GN/2019/47. (h) January 01, 2020 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Seventh Amendment) Regulations, 2019, vide notification No. SEBI/LAD-NRO/GN/2020/01. (i) April 17, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide notification No. SEBI/LAD-NRO/GN/2020/10. (j) May 08, 2020 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2020, vide notification No. SEBI/LAD-NRO/GN/2020/11. (k) June 16, 2020 by the Securities and Exchange Boa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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