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TMI BlogSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... ions, 2018, namely: - 1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2023. 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 (bb) shall be substituted with the following clause, namely: "(bb) "key managerial personnel" shall mean the key managerial personnel as defined in sub-section (51) of section 2 of the Companies Act, 2013;" (ii) after clause (bbb) and before clause (ccc), the following clause (bbbb) shall be inserted, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xv), after the words "key managerial personnel" and before the words and symbol "and whole-time directors", the words and symbol ", senior management" shall be inserted. c) in point (xvi), the words "senior managerial personnel" shall be substituted by the words and symbol "key managerial personnel, senior management". d) in point (xvii), after the words "key managerial personnel", the words "and senior management" shall be inserted. (iii) in clause (9), in sub-clause (B) titled "Requirement of funds", in Item (3), after the words and symbol "key managerial personnel," and before the words "and group companies", the words "senior management" shall be inserted. (iv) in clause (10)- a) in sub-clause (E) titled "Shareholders' agree ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... words "key management personnel" shall be substituted with the words "key managerial personnel and senior management". k) in point (x), after the words "key managerial personnel", the words "and senior management" shall be inserted. IV. In Schedule VI, Part B, in clause (4), (i) in sub-clause (VIII) titled "Particulars of the Issue", in Item (B) titled "Requirement of Funds", in point (3), after the words and symbol "key managerial personnel," and before the words "associate companies", the words and symbol "senior management," shall be inserted. (ii) in sub-clause (X) titled "Management (Board of Directors and Senior Management) and Organisational Structure", in Item (B), the words "key management", shall be substituted by the word ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I, Part A, in clause (21), in sub-clause (b) and sub-clause (c), the words "and the key managerial personnel", wherever appears, shall be substituted by the words and symbol ", the key managerial personnel and senior management". BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./550/2022-23] 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2020, vide notification No. SEBI/LADNRO/ GN/2020/17. (l) June 22, 2020 by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2020, vide notification No. SEBI/LADNRO/ GN/2020/18. (m) July 1, 2020 by t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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