Executive Summary:
This document contains the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Seventh Amendment Regulations, 2019. These regulations, effective from the date of publication in the Official Gazette (January 1, 2020), further amend the 2018 regulations concerning capital issuance and disclosure requirements. The amendments primarily involve substituting the word "registering" with "filing" and omitting "registering or" in specific regulations.
Key Points / Main Content:
* **General Amendments:**
* These regulations are called the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Seventh Amendment Regulations, 2019.
* The regulations come into force on the date of their publication in the Official Gazette (January 1, 2020).
* **Regulation Amendments:**
* Regulations 4, 29, 43, 44, 101, 127, 139, 140, 152, 156, 182, 186, 189, 201, 227, 250, 264 and 265: "registering" is substituted with "filing."
* Regulations 25 and 123: "registering or" is omitted.
* Regulations 25 and 123: "registering" is substituted with "filing."
* Regulations 29, 127, 189 and 250: "registered" is substituted with "filed."
* Regulation 246: "registration" is substituted with "filing."
* **Schedule V Amendments:**
* Form C: "registering" is substituted with "filing."
* Form C: "registered" is substituted with "filed."
* Form D: "registered" is substituted with "filed."
* **Schedule VI, Part A Amendments:**
* "registering" is substituted with "filing."
* Clause 7, subclause O, para d: "registered" is substituted with "filed."
* Clause 14, subclause S, para 6: "registered" is substituted with "filed."
* **Schedule XIII, Part A Amendments:**
* "registering" is substituted with "filing."
* Clause 3, subclause c: "registered" is substituted with "filed."
* Clause 14: "registered" is substituted with "filed."
Impact Analysis:
**Issuers of Capital:**
* Impact: Issuers need to be aware of the terminology changes from "registering" to "filing" in the regulations and schedules related to capital issuance and disclosure requirements.
* Action Required: Update internal documentation, processes, and forms to reflect the change from "registering" to "filing."
**Securities and Exchange Board of India (SEBI):**
* Impact: SEBI is responsible for enforcing the updated regulations.
* Action Required: Update any relevant guidance or documentation to reflect the changes.
**Legal and Compliance Professionals:**
* Impact: Legal and compliance professionals advising companies on capital issuance need to be aware of the changes.
* Action Required: Understand the implications of the amended regulations and provide guidance to clients accordingly.
Key Entities Referenced
Securities and Exchange Board of India: A regulatory body for the securities market in India. This notification is issued by SEBI.
Securities and Exchange Board of India Act, 1992: The Act under which the Securities and Exchange Board of India (SEBI) derives its powers.
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018: The regulations being amended by this notification.
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Seventh Amendment Regulations, 2019: The title of the current amendment regulations.
Official Gazette: The official government publication where the regulations are published.
Mumbai, Maharashtra: The city where the Securities and Exchange Board of India (SEBI) is headquartered and the notification was issued from.
AJAY TYAGI: Chairman of the Securities and Exchange Board of India (SEBI).
New Delhi, Delhi: The city where the Gazette of India is published.
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सी.जी.-एम.एच.-अ.-09012020-215233
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CG-MH-E-09012020-215233
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अअअअससससााााधधधधााााररररणणणण
EXTRAORDINARY
भभभभाााागगगग III—खखखख(cid:2)(cid:2)(cid:2)(cid:2)डड ड ड 4444
PART III—Section 4
(cid:5)(cid:5)(cid:5)(cid:5)ााााििििधधधधककककाााारररर सससस ेे ेे(cid:5)(cid:5)(cid:5)(cid:5)ककककााााििििशशशशतततत
PUBLISHED BY AUTHORITY
सससस..ंं..ंं 04] ननननईईईई (cid:1)(cid:1)(cid:1)(cid:1)दददद(cid:3)(cid:3)(cid:3)(cid:3)ललललीीीी,,,, बबबबधधुुधधुु ववववाााारररर,,,, जजजजननननववववररररीीीी 1111,,,, 2222000022220000////पपपपौौौौषषषष 11111111,,,, 1111999944441111
No. 04] NEW DELHI, WEDNESDAY, JANUARY 1, 2020/PAUSHA 11, 1941
भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूू तततत औऔऔऔरररर ििििववववििििननननममममयययय बबबबोोोोडडडड (cid:9)(cid:9) (cid:9)(cid:9)
अअअअििििधधधधससससचचूूचचूू ननननाााा
मु(cid:3)बई, 1 जनवरी 2020
भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूू तततत औऔऔऔरररर ििििववववििििननननममममयययय बबबबोोोोडडडड (cid:9)(cid:9) (cid:9)(cid:9)
[[[[पपपपजजूँूँजजूँूँ ीीीी ककककाााा ििििननननगगगगमम(cid:9)(cid:9)मम(cid:9)(cid:9) नननन ((((इइइइ(cid:14)(cid:14)(cid:14)(cid:14)यययय))))ूूूू औऔऔऔरररर (cid:1)(cid:1)(cid:1)(cid:1)ककककटटटटीीीीककककररररणणणण अअअअपपपप(cid:24)(cid:24)ेे(cid:24)(cid:24)ेे ााााएएएए]]ँँ]]ँँ
((((ससससााााततततववववाााा ँँ ँँससससशशंंशशंं ोोोोधधधधनननन)))) ििििववववििििननननययययमममम,,,, 2222000011119999
सससस..ंं..ंं ससससबबेेबबेे ीीीी////एएएएलललल....एएएए....डडडडीीीी----एएएएनननन....आआआआरररर....ओओओओ....////जजजजीीीी....एएएएनननन....////2222000022220000////00001111....—बोड,(cid:8) भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) अिधिनयम,
1992 (1992 का 15) क(cid:15) धारा 30 के अधीन (cid:9)द(cid:17) शि(cid:19)य(cid:21) का (cid:9)योग करते (cid:23)ए एत(cid:25)ारा भारतीय (cid:9)ितभूित और
िविनमय बोड (cid:8) [पूँजी का िनगम(cid:8) न (इ(cid:30)य)ू और (cid:9)कटीकरण अपे%ाए]ँ िविनयम, 2018 का और संशोधन करने के िलए
िन’िलिखत िविनयम बनाता ह,ै अथा(cid:8)त:्-
1. इन िविनयम(cid:21) को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पूँजी का िनग(cid:8)मन (इ(cid:30)य)ू और (cid:9)कटीकरण अपे%ाए]ँ
(सातवाँ संशोधन) िविनयम, 2019 कहा जा सकेगा ।
2. वे राजप. म / उनके (cid:9)काशन क(cid:15) तारीख को (cid:9)वृ(cid:17) (लाग)ू ह(cid:21)ग े।
3. भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पूँजी का िनग(cid:8)मन (इ(cid:30)य)ू और (cid:9)कटीकरण अप%े ाए]ँ िविनयम, 2018 म,/ -
I. िविनयम 4, 29, 43, 44, 101, 127, 139, 140, 152, 156, 182, 186, 189, 201, 227, 246,
250, 264 तथा 265 म,/ श9द “रिज:टर”, जहाँ कह; भी <दया (cid:23)आ हो, श9द(cid:21) और िच@न(cid:21) “दािखल
(फाइल)” से (cid:9)ित:थािपत हो जाएगा ।
11 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
II. िविनयम 25 तथा 123 म,/ श9द(cid:21) “रिज:टर या” का लोप हो जाएगा ।
III. िविनयम 25 तथा 123 म/, श9द “रिज:टर”, जहाँ कह; भी <दया (cid:23)आ हो, श9द(cid:21) और िच@न(cid:21) “दािखल
(फाइल)” से (cid:9)ित:थािपत हो जाएगा ।
IV. अनुसूची-V म/,-
i. (cid:9)Eप-ग म/, श9द “रिज:टर”, श9द(cid:21) और िच@न(cid:21) “दािखल (फाइल)” से (cid:9)ित:थािपत हो जाएगा;
ii. (cid:9)Eप-ग म/, श9द “रिज:Fीकृत”, श9द(cid:21) और िच@न(cid:21) “दािखल (फाइल) <कए गए” स े (cid:9)ित:थािपत
हो जाएगा;
iii. (cid:9)Eप-घ म/, श9द “रिज:Fीकृत” श9द(cid:21) और िच@न(cid:21) “दािखल (फाइल) <कए गए” से (cid:9)ित:थािपत हो
जाएगा ।
V. अनुसूची-VI म/, भाग-क म/,-
i. अनुदेश स े संबंिधत खडं म/, उप-खंड (ख) म,/ श9द “रिज:टर”, श9द(cid:21) और िच@न(cid:21) “दािखल
(फाइल)” से (cid:9)ित:थािपत हो जाएगा;
ii. खंड (7) म,/ उप-खंड (ण) म/, परै ा (घ) म/, श9द “रिज:टर”, श9द(cid:21) और िच@न(cid:21) “दािखल (फाइल)”
से (cid:9)ित:थािपत हो जाएगा;
iii. खंड (14) म,/ उप-खंड (ध) म/,-
क. पैरा (2) म,/ श9द “रिज:टर”, श9द(cid:21) और िच@न(cid:21) “दािखल (फाइल)” से (cid:9)ित:थािपत हो
जाएगा;
ख. पैरा (6) म/, श9द “रिज:टर (cid:23)आ”, श9द(cid:21) और िच@न(cid:21) “दािखल (फाइल) <कया जाए” स े
(cid:9)ित:थािपत हो जाएंग े ।
VI. अनुसूची-XIII म/, भाग-क म/,-
i. खंड (3) म,/ उप-खंड (ग) म/, श9द “रिज:टर”, श9द(cid:21) और िच@न(cid:21) “दािखल (फाइल)” से
(cid:9)ित:थािपत हो जाएगा;
ii. खंड (14) िन’िलिखत से (cid:9)ित:थािपत हो जाएगा, अथा(cid:8)त,्-
“(14) ककककंंंंपपपपननननीीीी ररररििििजजजज(cid:29)(cid:29)(cid:29)(cid:29)(cid:30)(cid:30)(cid:30)(cid:30)ाााारररर ककककेेेे पपपपाााासससस (cid:1)(cid:1)(cid:1)(cid:1)ॉॉॉॉ(cid:29)(cid:29)(cid:29)(cid:29)पपपप ेे ेे टटटटसससस ददददााााििििखखखखलललल ((((फफफफााााइइइइलललल)))) ककककररररननननाााा
(cid:9)ॉ:पेQटस, िजसम/ िनधा(cid:8)Rरत (cid:9)ितभूितय(cid:21) क(cid:15) क(cid:15)मत और संSया का उTलेख होगा, क(cid:15) एक (cid:9)ित
िनग(cid:8)मकता (cid:8)(इ(cid:30)यअु र) Uारा कंपनी रिज:Fार के पास दािखल (फाइल) क(cid:15) जाएगी ।”
अजय Vयागी, अWय%
[िवXापन-III/4/असा./390/19]
पपपपाााादददद $$$$टटटट%%%%पपपपणणणण ::::
1. भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पूँजी का िनग(cid:8)मन और (cid:9)कटीकरण अप%े ाए]ँ (इ(cid:30)य]ू िविनयम, 2018,
अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2018/31 Uारा, 11 िसत(cid:3)बर, 2018 को भारत के
राजप. म / (cid:9)कािशत (cid:23)ए थे ।
2. मूल िविनयम तVपYात ्-
(क) 31 <दस(cid:3)बर, 2018 को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पूँजी का िनग(cid:8)मन(इ(cid:30)य)ू और (cid:9)कटीकरण
अपे%ाए]ँ (संशोधन) िविनयम, 2018, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2018/57,Uारा[भाग III—ख(cid:2) ड 4] भारत का राजप(cid:12) : असाधारण 3
(ख) 29 माच(cid:8), 2019 को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पूँजी का िनग(cid:8)मन और (cid:9)कटीकरण अपे%ाए]ँ
(संशोधन) िविनयम, 2019, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2019/05,Uारा
(ग) 5 अ(cid:9)लै 2019 को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पजूँ ी का िनग(cid:8)मन(इ(cid:30)य)ू और (cid:9)कटीकरण अप%े ाए ँ
(दसू रा संशोधन) िविनयम, 2019, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./ 2019/08,Uारा
(घ) 29 जुलाई 2019 को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पजूँ ी का िनग(cid:8)मन (इ(cid:30)य)ू और (cid:9)कटीकरण अपे%ाए]ँ
(तीसरा संशोधन) िविनयम, 2019, अिधसूचना सं. सेबी/एलएडी-एनआरओ/जीएन/2019/29,Uारा
(ङ) 23 िसत(cid:3)बर 2019 को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पूँजी का िनग(cid:8)मन (इ(cid:30)य)ू और (cid:9)कटीकरण
अपे%ाए]ँ (चौथा संशोधन) िविनयम, 2019, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./
2019/35,Uारा
(च) 6 <दस(cid:3)बर 2019 को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8)[पजूँ ी का िनग(cid:8)मन (इ(cid:30)य)ू और (cid:9)कटीकरण अप%े ाए]ँ
(पाँचवाँ संशोधन) िविनयम, 2019, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./ 2019/42, Uारा
(छ) 26 <दस(cid:3)बर 2019 को भारतीय (cid:9)ितभूित और िविनमय बोड (cid:8) [पूँजी का िनग(cid:8)मन (इ(cid:30)य)ू और (cid:9)कटीकरण
अपे%ाए]ँ (छठा संशोधन) िविनयम, 2019, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./ 2019/47
Uारा
संशोिधत (cid:23)ए थे ।
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 1st January, 2020
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE
REQUIREMENTS) (SEVENTH AMENDMENT) REGULATIONS, 2019
No. SEBI/LAD-NRO/GN/2020/1.—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, 2018, namely:—
1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Seventh Amendment) Regulations, 2019.
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, 2018,-
I. in regulations 4, 29, 43, 44, 101, 127, 139, 140, 152, 156, 182, 186, 189, 201, 227, 250,
264 and 265, for the word “registering”, wherever it occurs, the word “filing” shall be
substituted.
II. in regulations 25 and 123, the words “registering or” shall be omitted.
III. in regulations 25 and 123, for the word “registering”, wherever it occurs, the word
“filing” shall be substituted.
IV. in regulations 29, 127, 189 and 250, for the word “registered”, the word “filed” shall be
substituted.
V. in regulation 246, for the word “registration” the word “filing” shall be substituted.
VI. in Schedule V,-4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
i. in form C, for the word “registering” the word “filing” shall be substituted;
ii. in form C, for the word “registered” the word “filed” shall be substituted;
iii. in form D, for the word “registered” the word “filed” shall be substituted.
VII. in Schedule VI, Part A,-
i. for the word “registering” the word “filing” shall be substituted;
ii. in clause (7), in sub-clause (O), in para (d), for the word “registered” the word
“filed” shall be substituted;
iii. in clause (14), in sub-clause (S), in para (6), for the word “registered” the word
“filed” shall be substituted.
VIII. in Schedule XIII, in Part A,-
i. for the word “registering” the word “filing” shall be substituted;
ii. in clause (3), in sub-clause (c) for the word “registered” the word “filed” shall be
substituted;
iii. in clause (14), for the word “registered” the word “filed” shall be substituted.
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./390/19]
Footnotes:
1. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018 was published in the Gazette of India on September 11, 2018, vide notification
No. SEBI/LAD-NRO/GN/2018/31.
2. The Principal Regulation was subsequently amended on -
(a) December 31, 2018 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2018, vide notification
No. SEBI/LAD-NRO/GN/2018/57.
(b) March 29, 2019 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2019, vide notification
No. SEBI/LAD-NRO/GN/2019/05.
(c) April 5, 2019 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Second Amendment) Regulations, 2019, vide notification
No. SEBI/LAD-NRO/GN/2019/08.
(d) July 29, 2019 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Third Amendment) Regulations, 2019, vide notification
No. SEBI/LAD-NRO/GN/2019/29.
(e) September 23, 2019 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Fourth Amendment) Regulations, 2019, vide notification
No. SEBI/LAD-NRO/GN/2019/35.
(f) December 06, 2019 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Fifth Amendment) Regulations, 2019, vide notification
No. SEBI/LAD-NRO/GN/2019/42.
(g) December 26, 2019 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Sixth Amendment) Regulations, 2019, vide notification
No. SEBI/LAD-NRO/GN/2019/47.
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