CIRCULAR
SEBI/CFD/DIL/DIP/26/2007/24/5
May 24, 2007
To All Registered Merchant Bankers I Stock Exchanges
Dear Sirs,
Sub.: Amendments to SEBI (Disclosure and Investor Protection) Guidelines, 2000.
1. SEBI had recently amended the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (hereinafter referred as “the Guidelines”), vide circular no. SEBI/CFD/DIL/DIP/25/2007/30/4 dated April 30, 2007.
2. In the circular, the words “where the aggregate value of such securities, including premium, if any, exceeds Rs. 50 lacs,” were inadvertently omitted in the opening para of the amended clause 2.1.2 of the Guidelines. The said opening para, after inclusion of the aforementioned omitted words, reads as under:
“No listed issuer company shall make any rights issue of securities, where the aggregate value of such securities, including premium, if any, exceeds Rs. 50 lacs, unless a draft letter of offer has been filed with the Board, through a Merchant Banker, at least 30 days prior to the filing of the letter of offer with the Designated Stock Exchange (DSE).”
3. This circular, as well as the circular dated April 30, 2007, is available on SEBI website at www.sebi.gov.in under the category “Legal Framework”. The entire text of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, including the clarification issued vide this circular, is available on the SEBI website under the categories “Legal Framework” and “Issues and Listing”.
Yours faithfully,
