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Date: 2017-02-15 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act 1992 15 of 1992 the Board hereby makes the following Regulations

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document contains the Securities and Exchange Board of India (SEBI) notification regarding amendments to the Issue of Capital and Disclosure Requirements Regulations, 2009. These amendments, effective from the date of publication in the Official Gazette, address regulations related to the issuance of capital and disclosure requirements. The notification number is No. SEBI/LADNRO/GN/2016-17/030, dated February 10, 2017. Key Points / Main Content: Amendments to the Issue of Capital and Disclosure Requirements Regulations, 2009: * Regulation 70 Amendments: * Sub-regulation 1(a): References to the Companies Act, 2013 have been added to provisions related to issuing shares. * Sub-regulation 1(b): Provisions related to Tribunal actions under sections 230 to 234 of the Companies Act, 2013 have been substituted. * After sub-regulation 1(b): A proviso is inserted stating that pricing provisions apply to share issuances under clause (b) schemes, specifically for allotments to select shareholders or shareholders of unlisted companies. * Sub-regulation 1(c): References to the Insolvency and Bankruptcy Code, 2016 have been added. * Sub-regulation 3: Mentions regulation 11 of the Securities and Exchange Board of India Substantial Acquisition of Shares and Takeovers Regulations, 2011. * New Regulation 111A and 111B: * Regulation 111A: Specifies liabilities for contravention of the Act, rules, or regulations, including: * Imposition of fines. * Suspension of trading. * Freezing of promoter/promoter group holding of designated securities. * Any other action specified by the Board. * Regulation 111B: Addresses failure to pay fines imposed by recognized stock exchanges, allowing the stock exchange to initiate action in accordance with the law after written notice. Impact Analysis: Listed Entities: * Impact: Subject to potential fines, suspension of trading, or freezing of promoter holdings for contraventions of regulations. Must also adhere to revised regulations regarding share issuance and disclosures. * Action Required: Ensure compliance with amended regulations, particularly regarding share issuance, disclosures, and adherence to potential penalties imposed by stock exchanges. Stock Exchanges: * Impact: Granted authority to impose fines, suspend trading, and freeze promoter holdings for listed entities contravening regulations. Responsible for initiating actions for non-payment of fines. * Action Required: Establish procedures for imposing and enforcing penalties, including fines, trading suspensions, and asset freezes. Implement mechanisms for issuing notices and initiating actions for non-payment of fines. Shareholders: * Impact: May be affected by changes in share issuance processes, particularly regarding preferential allotments. * Action Required: Stay informed about company actions regarding share issuance and exercise rights accordingly. Securities and Exchange Board of India (SEBI): * Impact: Responsible for overseeing the implementation and enforcement of the amended regulations. * Action Required: Monitor compliance, issue guidelines as needed, and take enforcement actions for violations.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): A regulatory body for securities markets in India, responsible for regulating and developing the Indian securities market. Securities and Exchange Board of India Act, 1992: The law that established the Securities and Exchange Board of India and defines its powers and functions. Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2009: Regulations pertaining to the issuance of capital and disclosure requirements for companies in India. Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2017: An amendment to the 2009 regulations concerning capital issuance and disclosure requirements. Companies Act, 2013: An Indian law that regulates incorporation, operation and winding up of companies in India. Insolvency and Bankruptcy Code, 2016: A law in India that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner. Securities and Exchange Board of India Substantial Acquisition of Shares and Takeovers Regulations, 2011: Regulations related to the acquisition of shares and takeovers in the Indian stock market. Mumbai, Maharashtra: The city in India where the Securities and Exchange Board of India (SEBI) is located, and place of publication of the notification
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jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx III—[k.M 4 PART III—Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 54] ubZ fnYyh] cq/okj] iQjojh 15] 2017@ek?k 26] 1938 No. 54] NEW DELHI, WEDNESDAY, FEBRUARY 15, 2017/MAGHA 26, 1938 भारतीय (cid:7079)ितभिू त और िविनमय बोड(cid:6981) अिधसचू ना मु(cid:7013)बई 10 फरवरी, 2017 भारतीय (cid:7079)ितभिू त और िविनमय बोड(cid:6981) (पजूँ ी का िनगम(cid:6981) न और (cid:7079)कटीकरण अप(cid:6979)े ाएँ) (सशं ोधन) िविनयम, 2017 स.ं सेबी/एल.ए.डी.- एन. आर. ओ./जी. एन./2016-17/030.—बोड(cid:6981), भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) अिधिनयम, 1992 (1992 का 15) क(cid:7409) धारा 30 के अधीन (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए एत(cid:7375)ारा भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) िविनयम, 2009 का और संशोधन करने के िलए िन(cid:7388)िलिखत िविनयम बनाता है, अथा(cid:6981)त ्:- 1.(cid:32) इन िविनयम(cid:7298) को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2017 कहा जा सकेगा । 2.(cid:32) वे राजप(cid:7074) म(cid:7286) उनके (cid:7079)काशन क(cid:7409) तारीख को (cid:7079)वृ(cid:7275) ह(cid:7298)गे । 3.(cid:32) भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) िविनयम, 2009 म(cid:7286) :- (I)(cid:32) िविनयम 70 म(cid:7286), - (क)(cid:32) उप-िविनयम (1) म(cid:7286), - (i)(cid:32) खंड (क) म(cid:7286), श(cid:7011)द "के िनबंधन(cid:7298) के अनुसार", श(cid:7011)द(cid:7298), िच(cid:7022)न(cid:7298) और अंक(cid:7298) "या कंपनी अिधिनयम, 2013 क(cid:7409) धारा 62 क(cid:7409) उप-धारा (3) तथा (4), जो भी लागू ह(cid:7298), के अनुसार" से (cid:7079)ित(cid:7021)थािपत हो जाएँगे; (ii)(cid:32) खंड (ख) म(cid:7286), - 831 GI/2017 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (क)(cid:32) श(cid:7011)द(cid:7298) "उ(cid:7340) (cid:7008)यायालय" के प(cid:7391)ात्, श(cid:7011)द, अंक और िच(cid:7022)न "या कंपनी अिधिनयम, 2013 क(cid:7409) धारा 230 से 234 के अधीन अिधकरण ((cid:7069)ाय(cid:7011)युनल), जो भी लागू हो," अंतः(cid:7021)थािपत (cid:7408)कए जाएँगे; (ख)(cid:32) िच(cid:7022)न ";", िच(cid:7022)न ":" से (cid:7079)ित(cid:7021)थािपत हो जाएगा; (ग)(cid:32) खंड (ख) के प(cid:7391)ात्, िन(cid:7388)िलिखत परंतुक अंतः(cid:7021)थािपत (cid:7408)कया जाएगा, - "परंतु यह (cid:7408)क इस अ(cid:7007)याय के क(cid:7409)मत-िनधा(cid:6981)रण ((cid:7079)ाइ(cid:7410)सग) संबंधी (cid:7079)ावधान खंड (ख) म (cid:7286) उि(cid:7016)लिखत (cid:7021)क(cid:7409)म(cid:7298) के अधीन शेयर(cid:7298) के िनग(cid:6981)मन (इ(cid:7019)युएंस) पर लागू ह(cid:7298)गे, ऐसी (cid:7021)क(cid:7409)म(cid:7298) के अनुसरण म (cid:7286) केवल शेयरधारक(cid:7298) के चु(cid:7410)नदा समूह या असूचीगत (िलि(cid:7021)टड) कंपिनय(cid:7298) के शेयरधारक(cid:7298) को ही शेयर(cid:7298) का आबंटन (cid:7408)कए जाने क(cid:7409) दशा म;(cid:7286)" (iii)(cid:32) खंड (ग) म(cid:7286), श(cid:7011)द "(cid:7367)ारा अनुमो(cid:7408)दत पुनवा(cid:6981)स (cid:7021)क(cid:7409)म के िनबंधन(cid:7298)", श(cid:7011)द(cid:7298), िच(cid:7022)न(cid:7298) और अंक "या (cid:7408)दवाला और शोधन अ(cid:6979)मता संिहता, 2016 (इ(cid:7008)सॉ(cid:7016)वे(cid:7008)सी एंड ब(cid:7289)कर(cid:7009)सी कोड, 2016) के अधीन अिधकरण ((cid:7069)ाय(cid:7011)युनल), जो भी लागू हो, (cid:7367)ारा अनुमो(cid:7408)दत पुनवा(cid:6981)स (cid:7021)क(cid:7409)म" से (cid:7079)ित(cid:7021)थािपत हो जाएँगे; (ख)(cid:32) उप-िविनयम (3) म(cid:7286), श(cid:7011)द, अंक और अ(cid:6979)र "िविनयम 29क" के प(cid:7391)ात,् श(cid:7011)द, िच(cid:7022)न और अंक "या भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (शेयर(cid:7298) का पया(cid:6981)(cid:7385) अज(cid:6981)न और अिध(cid:7061)हण) िविनयम, 2011 के िविनयम 11, जो भी लागू हो," अंतः(cid:7021)थािपत (cid:7408)कए जाएँगे; (II)(cid:32) िविनयम 111 के प(cid:7391)ात्, िन(cid:7388)िलिखत िविनयम अंत:(cid:7021)थािपत (cid:7408)कए जाएँगे, अथा(cid:6981)त्, - "अिधिनयम, िनयम(cid:7298) या िविनयम(cid:7298) के उ(cid:7016)लघं न के िलए दािय(cid:7004)व 111क. (1) सूचीब(cid:7373) (िलि(cid:7021)टड) एं(cid:7407)टटी या उसका कोई अ(cid:7008)य (cid:7390)ि(cid:7334) जो इन िविनयम(cid:7298) के (cid:7408)कसी (cid:7079)ावधान का उ(cid:7016)लंघन करता हो, (cid:7079)ितभूित िविधय(cid:7298) (िस(cid:6989)यू(cid:7407)रटीज़ लॉज़) के अनुसार कार(cid:6981)वाई के िलए दायी होने के अित(cid:7407)र(cid:7334), संबंिधत (cid:7021)टॉक ए(cid:6989)सच(cid:7286)ज (ए(cid:6989)सच(cid:7286)ज(cid:7298)) (cid:7367)ारा उसी (cid:7079)कार िन(cid:7388)िलिखत कार(cid:6981)वाइयाँ (cid:7408)कए जाने के िलए दायी होगा जैसा बोड(cid:6981) (cid:7367)ारा जारी (cid:7408)कए गए प(cid:7407)रप(cid:7074)(cid:7298) (सकु(cid:6981)लस(cid:6981)) या माग(cid:6981)दश(cid:6981)क िस(cid:7373)ातं (cid:7298) (गाइडलाइ(cid:7008)स) म(cid:7286) िनधा(cid:6981)(cid:7407)रत हो : (क)(cid:32) जुमा(cid:6981)न ेलगाना; (ख)(cid:32) (cid:7390)ापार ((cid:7069)े(cid:7410)डग) का िनलंबन; (ग)(cid:32) सं(cid:7079)वत(cid:6981)क ((cid:7079)ोमोटर) / सं(cid:7079)वत(cid:6981)क समूह ((cid:7079)ोमोटर (cid:7061)ुप), जैसा लागू हो, क(cid:7409) िनधा(cid:6981)(cid:7407)रत (cid:7079)ितभूितय(cid:7298) (डेिस(cid:7336)ेटेड िस(cid:6989)यू(cid:7407)रटीज़) क(cid:7409) धा(cid:7407)रता (हो(cid:7410)(cid:7016)डग) पर, िन(cid:6979)ेपागार(cid:7298) (िडपॉिज़टरीज़) के सम(cid:7008)वय से, रोक लगाना; (घ)(cid:32) कोई अ(cid:7008)य कार(cid:6981)वाई, जो बोड(cid:6981) (cid:7367)ारा समय-समय पर िनधा(cid:6981)(cid:7407)रत क(cid:7409) जाए । (2) उप-िविनयम (1) के खंड (ख) तथा खंड (ग) के अनुसार क(cid:7409) गई कार(cid:6981)वाइय(cid:7298) को उसी (cid:7079)कार वापस िलया (का उसी (cid:7079)कार (cid:7407)रवोकेशन (cid:7408)कया) जाएगा, जैसा बोड(cid:6981) (cid:7367)ारा जारी (cid:7408)कए गए प(cid:7407)रप(cid:7074)(cid:7298) (सकु(cid:6981)लस(cid:6981)) या मागद(cid:6981) श(cid:6981)क िस(cid:7373)ांत(cid:7298) (गाइडलाइ(cid:7008)स) म(cid:7286) िनधा(cid:6981)(cid:7407)रत हो । जमु ान(cid:6981) ा अदा करन ेम (cid:7286)असफलता 111ख. य(cid:7408)द सूचीब(cid:7373) (िलि(cid:7021)टड) एं(cid:7407)टटी मा(cid:7008)यता(cid:7079)ा(cid:7385) (cid:7021)टॉक ए(cid:6989)सच(cid:7286)ज (ए(cid:6989)सच(cid:7286)ज(cid:7298)) (cid:7367)ारा उस पर लगाया गया कोई जुमा(cid:6981)ना, समय-समय पर यथा िनधा(cid:6981)(cid:7407)रत अविध के भीतर, अदा करने म(cid:7286) असफल रहती ह,ै तो (cid:7021)टॉक ए(cid:6989)सच(cid:7286)ज, िलिखत म(cid:7286) नो(cid:7407)टस दने े के प(cid:7391)ात,् िविध के अनुसार कार(cid:6981)वाई शु(cid:7272) कर सकेगा ।" यू.के. िस(cid:7008)हा, अ(cid:7007)य(cid:6979) [िव(cid:6980)ापन-III/4/असा./416/16 (69 जैड बी)]¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 पाद (cid:7407)ट(cid:7009)पण : 1.(cid:32) भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) िविनयम, 2009, सं. एलएडी- एनआरओ/जीएन/2009-10/15/174471, 26 अग(cid:7021)त 2009 को भारत के राजप(cid:7074) म(cid:7286) (cid:7079)कािशत (cid:7263)ए थे । 2.(cid:32) भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) िविनयम, 2009 त(cid:7004)प(cid:7391)ात ्:- (1)(cid:32) 11 (cid:7408)दस(cid:7013)बर 2009 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2009, सं. एलएडी-एनआरओ/जीएन/2009-10/23/186926, (cid:7367)ारा (2)(cid:32) 1 जनवरी 2010 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2010, सं. एलएडी-एनआरओ/जीएन/2009-2010/25/189240, (cid:7367)ारा (3)(cid:32) 8 जनवरी 2010 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (दसू रा संशोधन) िविनयम, 2010, सं. एल.ए.डी.-एनआरओ/जीएन/2009-10/26/190146, (cid:7367)ारा (4)(cid:32) 13 अ(cid:7079)ैल 2010 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (तीसरा संशोधन) िविनयम, 2010, सं. एलएडी-एनआरओ/जी.एन./2010-11/03/1104, (cid:7367)ारा (5)(cid:32) 12 नव(cid:7013)बर 2010 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (चौथा संशोधन) िविनयम, 2010, सं. एलएडी-एनआरओ/जीएन/2010-11/19/26456, (cid:7367)ारा (6)(cid:32) 29 अ(cid:7079)ैल 2011 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2011, फा. सं. एल.ए.डी.-एन.आर.ओ./जीएन/2011-12/05/13907, (cid:7367)ारा (7)(cid:32) 23 िसत(cid:7013)बर 2011 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (शेयर(cid:7298) का पया(cid:6981)(cid:7385) अज(cid:6981)न और अिध(cid:7061)हण) िविनयम, 2011, सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2011-12/24/30181, (cid:7367)ारा (8)(cid:32) 23 िसत(cid:7013)बर 2011 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (दसू रा संशोधन) िविनयम, 2011, फा. सं.एल.ए.डी.-एन.आर.ओ./जी.एन./2011-12/25/30309, (cid:7367)ारा (9)(cid:32) 30 जनवरी 2012 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2012, सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2011-12/34/2499, (cid:7367)ारा (10)(cid:32) 7 फरवरी 2012 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (दसू रा संशोधन) िविनयम, 2012, सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2011-12/35/3186, (cid:7367)ारा (11)(cid:32) 21 मई 2012 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) [आनुकि(cid:7016)पक िविनधान (िनवेश) िनिधया]ँ िविनयम, 2012, स.ं एल.ए.डी.-एन.आर.ओ./जी.एन./2012-13/04/11262, (cid:7367)ारा (12)(cid:32) 24 अग(cid:7021)त 2012 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (तीसरा संशोधन) िविनयम, 2012, सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2012-13/12/18951, (cid:7367)ारा (13)(cid:32) 12 अ(cid:7334)ूबर 2012 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अप(cid:6979)े ाएँ) (चौथा संशोधन) िविनयम, 2012, सं. एलएडी-एनआरओ/जीएन/2012-13/18/5391, (cid:7367)ारा (14)(cid:32) 27 फरवरी 2013 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2013, सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2012-13/32/4947, (cid:7367)ारा (15)(cid:32) 26 अग(cid:7021)त 2013 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (दसू रा संशोधन) िविनयम, 2013, सं. एल.ए.डी.-एन.आर.ओ./जी-एन/2013-2014/19/6422, (cid:7367)ारा4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (16)(cid:32) 8 अ(cid:7334)ूबर 2013 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981){सं(cid:7021)थागत (cid:7390)ापा(cid:7407)रक ((cid:7069)े(cid:7410)डग) (cid:7009)लेटफाम(cid:6981) पर िविन(cid:7416)द(cid:7397) (cid:7079)ितभूितय(cid:7298) क(cid:7409) सूचीब(cid:7373)ता} िविनयम, 2013, सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2013-14/28/6720, (cid:7367)ारा (17)(cid:32) 7 जनवरी 2014 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) [िवदशे ी पोट(cid:6981)फोिलयो िविनधानकता(cid:6981) (िनवेशक)] िविनयम, 2014, सं. एल.ए.डी.एन.आर.ओ./जी.एन./2013-14/36/12, (cid:7367)ारा (18)(cid:32) 4 फरवरी 2014 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981)(पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2014, सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2013-14/44/226, (cid:7367)ारा (19)(cid:32) 23 मई 2014 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (फ(cid:7409)स का संदाय) (संशोधन) िविनयम, 2014, सं. एल.ए.डी- एन.आर.ओ./जी.एन./2014-15/ 03/1089, (cid:7367)ारा (20)(cid:32) 25 अग(cid:7021)त 2014 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (दसू रा संशोधन) िविनयम, 2014, सं. एल.ए.डी/एन.आर.ओ./जी.एन./2014-15/06/1372, (cid:7367)ारा (21)(cid:32) 24 माच(cid:6981) 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2015, सं. एल.ए.डी-एन.आर.ओ./जी.एन./2014-15/24/538, (cid:7367)ारा (22)(cid:32) 5 मई 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (दसू रा संशोधन) िविनयम, 2015, सं. सेबी-एन.आर.ओ./ओ.आई.ए.ई./जी.एन./2015-16/003, (cid:7367)ारा (23)(cid:32) 11 अग(cid:7021)त 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (तीसरा संशोधन) िविनयम, 2015, सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2015-2016/007, (cid:7367)ारा (24)(cid:32) 14 अग(cid:7021)त 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (चौथा संशोधन) िविनयम, 2015, सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन/2015-16/008, (cid:7367)ारा (25)(cid:32) 14 अग(cid:7021)त 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (पाँचवाँ संशोधन) िविनयम, 2015, सं. सेबी/एल.ए.डी.एन.आर.ओ./जी.एन./2015-16/012, (cid:7367)ारा (26)(cid:32) 2 िसत(cid:7013)बर 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) [सूचीब(cid:7373)ता (िल(cid:7410)(cid:7021)टग) बा(cid:7007)यताएँ और (cid:7079)कटीकरण अपे(cid:6979)ाएँ] िविनयम, 2015 सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2015-16/013, (cid:7367)ारा (27)(cid:32) 10 िसत(cid:7013)बर 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (छठा संशोधन) िविनयम, 2015, सं. सेबी/एल.ए.डी.-एनआरओ/जी.एन./2015-16/018, (cid:7367)ारा (28)(cid:32) 27 अ(cid:7334)ूबर 2015 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (सातवाँ संशोधन) िविनयम, 2015, सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2015-16/025, (cid:7367)ारा (29)(cid:32) 21 जनवरी 2016 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (संशोधन) िविनयम, 2016, सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2015-16/031, (cid:7367)ारा (30)(cid:32) 17 फरवरी 2016 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अप(cid:6979)े ाएँ) (दसू रा संशोधन) िविनयम, 2016, सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2015-16/036, (cid:7367)ारा (31)(cid:32) 25 मई 2016 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (तीसरा संशोधन) िविनयम, 2016, सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/003, (cid:7367)ारा (32)(cid:32) 30 नव(cid:7013)बर 2016 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (पूँजी का िनग(cid:6981)मन और (cid:7079)कटीकरण अपे(cid:6979)ाएँ) (चौथा संशोधन) िविनयम, 2016, सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/017, (cid:7367)ारा संशोिधत (cid:7263)ए थे ।¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 5 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th February, 2017 Securities and Exchange Board of India (Issueof Capital and Disclosure Requirements) (Amendment) Regulations, 2017 No. SEBI/LAD-NRO/GN/2016-17/030.─In exercise of the powers conferred under 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, 2017. 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:- (I) In regulation 70,- (a)(cid:32) in sub-regulation (1),- (i)(cid:32) in clause (a), after the numerics “1956”, the words and symbols “or sub-section (3) and (4) of section 62 of the Companies Act, 2013, whichever applicable” shall be inserted; (ii)(cid:32) in clause (b),- (a)(cid:32) for the symbol “;” the words and symbols “or a Tribunal under sections 230 to 234 of the Companies Act, 2013, whichever applicable” shall be substituted; (b)(cid:32) after clause (b), the following proviso shall be inserted,- “Provided that the pricing provisions of this Chapter shall apply to the issuance of shares under schemes mentioned in clause (b) in case of allotment of shares only to a select group of shareholders or shareholders of unlisted companies pursuant to such schemes;” (iii)(cid:32) in clause (c), after the numerics “1985”, the words and symbols “or the Tribunal under the Insolvency and Bankruptcy Code, 2016, whichever applicable” shall be inserted; (b)(cid:32) in sub-regulation (3), after the numerics “1997”, the words and symbols “or regulation 11 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, whichever applicable,” shall be inserted; (II) after regulation 111, the following regulations shall be inserted, namely,- “Liability for contravention of the Act, rules or the regulations. 111A. (1) The listed entity or any other person thereof who contravenes any of the provisions of these regulations, shall, in addition to the liability for action in terms of the securities laws, be liable for the following actions by the respective stock exchange(s), in the manner specified in the circulars or guidelines issued by the Board: (a)(cid:32) imposition of fines; (b)(cid:32) suspension of trading; (c)(cid:32) freezing of promoter/promoter group holding of designated securities, as may be applicable, in coordination with depositories; (d)(cid:32) any other action as may be specified by the Board from time to time.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (2) The manner of revocation of actions specified in clauses (b) and (c) of sub-regulation (1), shall be as specified in the circulars or guidelines issued by the Board. Failure to pay fine. 111B. If the listed entity fails to pay any fine imposed upon it by the recognised stock exchange(s), within the period as specified from time to time, the stock exchange may initiate such other action in accordance with law, after giving a notice in writing.” U. K. SINHA, Chairman [ADVT.-III/4/Exty./416/16 (69 ZB)] Footnote: 1. The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 were published in the Gazette of India on 26th August, 2009 vide No. LAD-NRO/GN/2009- 10/15/174471. 2. The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 were subsequently amended on:- (1)(cid:32) 11th December, 2009 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009 vide No. LAD-NRO/GN/2009- 10/23/186926. (2)(cid:32) 1st January, 2010 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2010 vide No. LAD-NRO/GN/2009- 2010/25/189240. (3)(cid:32) 8th January, 2010 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2010 vide No. LADNRO/GN/2009- 10/26/190146. (4)(cid:32) 13th April, 2010 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2010 vide No. LADNRO/GN/2010-11/03/1104. (5)(cid:32) 12th November, 2010 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2010 vide No. LADNRO/GN/2010-11/19/26456. (6)(cid:32) 29th April, 2011 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2011 vide F. No. LADNRO/GN/2011-12/05/13907. (7)(cid:32) 23rd September, 2011 by Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 vide No. LAD-NRO/GN/2011-12/24/30181. (8)(cid:32) 23rd September, 2011 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011 vide F. No. LADNRO/GN/2011- 12/25/30309. (9)(cid:32) 30th January, 2012 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2011-12/34/2499. (10)(cid:32) 7th February, 2012 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2011-12/35/3186. (11)(cid:32) 21st May, 2012 by Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 vide No. LAD-NRO/GN/2012-13/04/11262. (12)(cid:32) 24th August, 2012 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2012 vide No. LADNRO/GN/2012-13/12/18951. (13)(cid:32) 12th October, 2012 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2012 vide No. LADNRO/GN/2012-13/18/5391. (14)(cid:32) 27th February, 2013 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)(Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2012-13/32/4947.¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 7 (15)(cid:32) 26th August, 2013 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)(Second Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/19/6422. (16)(cid:32) 8th October, 2013 by Securities and Exchange Board of India (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/28/6720. (17)(cid:32) 7th January, 2014 by Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014 vide No. LAD-NRO/GN/2013-14/36/12. (18)(cid:32) 4th February, 2014 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2013-14/44/226. (19)(cid:32) 23rd May, 2014 by Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/03/1089. (20)(cid:32) 25th August, 2014 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/06/1372. (21)(cid:32) 24th March 2015 by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2015 vide No. LAD-NRO/GN/2014-15/24/538. (22)(cid:32) 5th of May, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2015 vide No. SEBI-NRO/OIAE/GN/2015-16/003. (23)(cid:32) 11th of August, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/007. (24)(cid:32) 14th of August, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/008. (25)(cid:32) 14th of August, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Fifth Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/012. (26)(cid:32) 02nd of September, 2015 by Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015- 16/013. (27)(cid:32) 10th of September, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Sixth Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/18. (28)(cid:32) 27th of October, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Seventh Amendment) Regulations, 2015 vide No. SEBI/ LAD-NRO/GN/2015-16/025. (29)(cid:32) 21st of January, 2016 by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2016 vide No. SEBI/ LAD-NRO/GN/2015-16/031. (30)(cid:32) 17th of February, 2016 by SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2016 vide No. SEBI/ LAD-NRO/GN/2015-16/036. (31)(cid:32) 25th of May, 2016 by SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2016 vide No. SEBI/ LAD-NRO/GN/2016-17/003. (32)(cid:32) 30th of November, 2016 by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2017 vide No. SEBI/ LAD-NRO/GN/2016-17/017. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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