The SEBI issued various amendments to the SEBI (Issue of Capital ...
SEBI Updates Capital and Disclosure Rules: Shorter Disclosure Timelines and New Contributor Criteria for Capital Requirements.
May 21, 2024
Notifications SEBI
The SEBI issued various amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Key changes include the insertion of provisions allowing non-individual public shareholders holding at least 5% of post-issue capital or entities forming part of the promoter group (excluding promoters) to contribute to capital requirements. Specific regulations (38, 80, 135, 197, 259) are omitted. The timeline for certain disclosures is reduced from three working days to one. Additionally, the impact of material price movements on equity shares can be excluded for price determination in preferential issues, u/s 30 of the SEBI Act, 1992.
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