Sponsored
    Follow Us:
Sponsored

AMENDMENT IN SEBI (ICDR) REGULATIONS, 2009

SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2011 – Amendment in regulation 58

NOTIFICATION F. NO. LAD-NRO/GN/2011-12/05/13907,

29-4-2011

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, namely:—

1. These Regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2011.

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, 2009, in regulation 58, after sub-regulation (5), the following proviso shall be inserted, namely:—

“Provided that in case of qualified institutional buyers and non-institutional investors the issue shall accept bids using ASBA facility only.”

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031