New Online Filing System for Takeover Regulation 10(7) Reports Starts March 2025

SEBI has implemented an online filing system through the SEBI Intermediary Portal for reports submitted under Regulation 10(7) of the Takeover Regulations. Initially, this system will apply to exemptions under Regulations 10(1)(a)(i) and 10(1)(a)(ii), with dual filing (email and portal) required between March 20, 2025, and May 14, 2025. From May 15, 2025, only portal submissions will be accepted for these exemptions. Fee payment must be processed through the SI Portal, with the previous payment mechanism being discontinued. Reports regarding other Regulation 10 exemptions will continue to be submitted via email. The circular was issued under Section 11(1) of the SEBI Act to protect investor interests and regulate securities markets. .....

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