## Report on the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2022
**1. Executive Summary:**
This report analyzes the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2022 based solely on the provided gazette notification. This amendment modifies the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018. The core purpose of the amendment, as inferred from the text, is to update the implementation timelines for certain provisions related to public issues, differentiating between issues smaller than ₹10,000 crore and those equal to or larger than ₹10,000 crore. Key findings indicate a phased implementation approach dependent on the size of the public issue.
**2. Introduction:**
This report aims to provide an informative overview of the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2022, as published in the Gazette of India on April 27, 2022. The analysis is based exclusively on the provided policy text and focuses on understanding the amendment's objectives, key provisions, and potential impact.
**3. Policy Overview:**
* **Original Policy:** Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018.
* **Core Objective(s):** As inferred from the text and the title of the original policy, the core objective relates to regulating the issue of capital and disclosure requirements for entities operating under SEBI's purview. This amendment likely aims to refine or clarify existing regulations within this framework.
**4. Background and Rationale:**
This is an amendment to existing regulations. The likely reason for this specific amendment appears to be the need to stagger the implementation of previous amendments (specifically those outlined in the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2022) based on the size of public offerings. This phased approach suggests a potential concern about the immediate applicability of these amendments across all public issues, possibly due to varying levels of preparedness among entities of different sizes, or consideration of impact of new rules across different market capitalization.
**5. Key Provisions / Changes:**
This amendment introduces changes to the implementation timelines for specific subregulations and clauses within the original policy. Specifically:
* **What is being changed:** The implementation date of amendments related to subregulation 3A of regulation 32, regulation 49, regulation 129, regulation 145, clause 10 and clause 15 of Part A of Schedule XIII, and Schedule XIV, carried out by the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2022.
* **New Rule/Provision:** The amendment introduces two distinct implementation dates based on the size of the public issue:
* For public issues *less than* ₹10,000 crore and opening on or after April 1, 2022, the amendments are effective from April 1, 2022.
* For public issues *equal to or more than* ₹10,000 crore and opening on or after April 1, 2022, the amendments are effective from July 1, 2022.
* **Difference/Effect of the Change:** This change creates a delayed implementation for larger public issues (₹10,000 crore and above). This suggests that larger entities may require additional time to comply with the changes introduced by the preceding amendment regulations. This staggered approach provides a transition period for larger entities, allowing them to adapt to the new requirements.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders directly affected by this amendment are:
* Companies planning to launch public issues.
* Investment banks and other financial institutions involved in managing public offerings.
* Legal and compliance professionals advising companies on capital market regulations.
* Investors participating in public issues.
The differential implementation based on issue size particularly impacts companies planning large public offerings (₹10,000 crore or more).
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Securities and Exchange Board of India (SEBI) is the responsible body for implementing and enforcing these regulations.
* **Timelines:** The amendment specifies clear timelines for implementation, differentiating between public issues of different sizes opening on or after April 1, 2022. Larger issues have until July 1, 2022, to comply with the earlier amendments.
* The Gazette notification indicates official publication as the trigger for the amendment coming into force.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of these specific changes is a smoother transition to the new regulatory requirements for larger public issues. The staggered implementation aims to:
* Reduce the potential for disruption in the capital markets by allowing larger entities more time to prepare.
* Ensure that larger companies have sufficient resources and expertise to fully comply with the new regulations.
* Promote a more orderly and efficient implementation process.
**9. Conclusion:**
The Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2022, introduces a phased implementation for prior amendments based on the size of public offerings. This amendment reflects a pragmatic approach, acknowledging the potential challenges faced by larger entities in adapting to new regulations. The staggered implementation is expected to facilitate a smoother transition and minimize disruption in the capital markets. This amendment underscores SEBI's commitment to continuously refining its regulatory framework to ensure efficient and effective capital market operations.
Key Entities Referenced
New Delhi: Place of publication of the Gazette of India, likely New Delhi, Delhi
Securities and Exchange Board of India: Regulatory body issuing the notification
Securities and Exchange Board of India Act, 1992: Act that confers powers to the Securities and Exchange Board of India
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018: Regulations amended by this notification
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2022: The regulation being introduced in this notification
Mumbai: City where the Securities and Exchange Board of India notification was issued, likely Mumbai, Maharashtra
Madhabi Puri Buch: Chairman of the Securities and Exchange Board of India
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2018: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2019: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2019: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Third Amendment Regulations, 2019: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Fourth Amendment Regulations, 2019: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Fifth Amendment Regulations, 2019: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Sixth Amendment Regulations, 2019: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Seventh Amendment Regulations, 2019: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Regulatory Sandbox Amendment Regulations, 2020: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Payment of Fees Amendment Regulations, 2020: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2020: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2020: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Third Amendment Regulations, 2020: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Fourth Amendment Regulations, 2020: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2021: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Second Amendment Regulations, 2021: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Regulatory Sandbox Amendment Regulations, 2021: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Third Amendment Regulations, 2021: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Fourth Amendment Regulations, 2021: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2022: Previous amendment to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-27042022-235386
xxxGIDHxxx
CG-MH-E-27042022-235386
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 230] िई ददल्ली, ब धिार, अप्रलै 27, 2022/ििै ाख 7, 1944
No. 230] NEW DELHI, WEDNESDAY, APRIL 27, 2022/VAISAKHA 7, 1944
भारतीय प्रजतभजू त और जिजिमय बोडड
अजधसचू िा
म ंबई, 27 अप्रैल , 2022
भारतीय प्रजतभजू त और जिजिमय बोडड
[पिूूँ ी का जिगमड ि (इश्य)ू और प्रकटीकरण अपक्षे ाए]ूँ (दसू रा संिोधि) जिजियम, 2022
फा. स.ं सबे ी/ एलएडी-एिआरओ/िीएि/2022/82. बोड,ड भारतीय प्रजतभूजत और जिजिमय बोड ड
अजधजियम, 1992 (1992 का 15) की धारा 30 के तहत प्रदाि की गई िजियों का प्रयोग करत े हुए, एतद्द्वारा
भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण अपेक्षाए]ूँ जिजियम, 2018 का
और संिोधि करि े के जलए जिम्नजलजखत जिजियम बिाता ह,ै अर्ाडत्:-
1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण अपेक्षाए]ूँ
(दसू रा संिोधि) जिजियम, 2022 कहा िा सकेगा ।
2. ये जिजियम रािपत्र में इिके प्रकािि की तारीख को लागू होंगे ।
3. भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण अपेक्षाए]ूँ जिजियम, 2018
में —
2892 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
I. भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण अपेक्षाए]ूँ (संिोधि)
जिजियम, 2022 के माध्यम से जिजियम 32 के उप-जिजियम (3क), जिजियम 49, जिजियम 129,
जिजियम 145, अि सूची-XIII के भाग-क के खंड (10) तर्ा खंड (15) और अिस ूची-XIV के संबंध में
दकए गए संिोधि जिम्नाि सार लागू होंगे: -
(a) 1 अप्रैल, 2022 को या उसके बाद ख लिे िाले ₹10,000 करोड़ से कम के आकार िाले
सािडिजिक जिगडमों (पजललक इश्यू) के मामले में; 1 अप्रैल, 2022 से लागू होंग;े
(b) 1 अप्रैल, 2022 को या उसके बाद ख लि े िाले ₹10,000 करोड़ या उसस े अजधक के आकार
िाले सािडिजिक जिगडमों (पजललक इश्यू) के मामले में; 1 ि लाई, 2022 से लागू होंगे ।
माधबी प री ब च, अध्यक्ष
[जिज्ञापि III/4/असा./50/2022-23]
पाद टटप्पण:
1. भारतीय प्रजतभजू त और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण अपेक्षाए]ूँ जिजियम,
2018, अजधसूचिा सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/31 द्वारा, 11 जसतम्बर 2018
को भारत के रािपत्र में प्रकाजित हुए र्े ।
2. भारतीय प्रजतभजू त और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण अपेक्षाए]ूँ जिजियम,
2018 तत्पश्चात्
(क) 31 ददसम्बर, 2018 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (सिं ोधि) जिजियम, 2018, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2018/57, द्वारा
(ख) 29 माचड, 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (सिं ोधि) जिजियम, 2019, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/05, द्वारा
(ग) 5 अप्रैल, 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (दसू रा संिोधि) जिजियम, 2019, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/08, द्वारा
(घ) 29 ि लाई, 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (तीसरा संिोधि) जिजियम, 2019, अजधसूचिा सं. सेबी/एलएडी-
एिआरओ/िीएि/2019/29, द्वारा
(ङ) 23 जसतम्बर, 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (चौर्ा संिोधि) जिजियम, 2019, अजधसूचिा स.ं सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/35, द्वारा[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
(च) 6 ददसम्बर, 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (पाूँचिाूँ संिोधि) जिजियम, 2019, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/42, द्वारा
(छ) 26 ददसम्बर, 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (छठा संिोधि) जिजियम, 2019, अजधसूचिा स.ं सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/47, द्वारा
(ि) 1 िििरी, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (सातिाूँ संिोधि) जिजियम, 2019, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2020/01, द्वारा
(झ) 17 अप्रैल, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड (रेग्यूलेटरी सैंडबॉक्स) (संिोधि)
जिजियम, 2020, अजधसूचिा सं. सेबी/एल.ए.डी.-एिआरओ/िीएि/2020/10, द्वारा
(ञ) 8 मई, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड (फीस का भ गताि) (संिोधि)
जिजियम, 2020, अजधसूचिा सं. सेबी/एलएडी-एिआरओ/िीएि/2020/011, द्वारा
(ट) 16 िूि, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (सिं ोधि) जिजियम, 2020, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2020/17, द्वारा
(ठ) 22 िूि, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (दसू रा संिोधि) जिजियम, 2020, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2020/18, द्वारा
(ड) 1 ि लाई, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (तीसरा संिोधि) जिजियम, 2020, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2020/21, द्वारा
(ढ) 28 जसतम्बर, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (चौर्ा संिोधि) जिजियम, 2020, अजधसूचिा सं. सेबी/एलएडी-
एिआरओ/िीएि/2020/31, द्वारा
(ण) 8 िििरी, 2021 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (सिं ोधि) जिजियम, 2021, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि/2021/03, द्वारा
(त) 5 मई, 2021 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (दसू रा संिोधि) जिजियम, 2021, अजधसूचिा सं. सेबी/एलएडी-
एिआरओ/िीएि/2021/18, द्वारा4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
(र्) 3 अगस्ट्त, 2021 को भारतीय प्रजतभूजत और जिजिमय बोड ड (रेग्यूलेटरी सैंडबॉक्स) (संिोधि)
जिजियम, 2021, अजधसूचिा सं. सेबी/एलएडी-एिआरओ/िीएि/2021/30, द्वारा
(द) 13 अगस्ट्त, 2021 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (तीसरा संिोधि) जिजियम, 2021, अजधसूचिा सं. सेबी/एल.ए.डी-
एि.आर.ओ./िी.एि./2021/45, द्वारा
(ध) 26 अिूबर, 2021 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (चौर्ा संिोधि) जिजियम, 2021, अजधसूचिा स.ं सेबी/एल.ए.डी-
एि.आर.ओ./िी.एि./2021/52, द्वारा
(ि) 14 िििरी, 2022 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगमड ि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (सिं ोधि) जिजियम, 2022, अजधसूचिा सं. सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2022/63, द्वारा
संिोजधत हुए र् े ।
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 27th April, 2022
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE
REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2022
F. No. SEBI/LAD-NRO/GN/2022/82.─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: -
4. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Second Amendment) Regulations, 2022.
5. They shall come into force on the date of their publication in the Official Gazette.
6. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,
2018—
I. The amendments relating to sub-regulation (3A) of regulation 32, regulation 49, regulation 129, regulation
145, clause (10) and clause (15) of Part A of Schedule XIII, and Schedule XIV carried out by the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment)
Regulations, 2022 shall come into force in the following manner: -
(a) for public issues of a size less than ₹10,000 crore and opening on or after April 1, 2022; with
effect from April 1, 2022;
(b) for public issues of a size equal to or more than ₹10,000 crore and opening on or after April 1,
2022; with effect from July 1, 2022.
MADHABI PURI BUCH, Chairman
[ADVT.-III/4/Exty./50/2022-23][भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5
Footnotes:
1. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018 were published in the Gazette of India on September 11, 2018, vide notification No.
SEBI/LAD-NRO/GN/2018/31.
2. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018 were 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 6, 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.
(h) January 1, 2020 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Seventh Amendment) Regulations, 2019, vide notification No. SEBI/LAD-
NRO/GN/2020/01.
(i) April 17, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox)
(Amendment) Regulations, 2020 vide notification No. SEBI/LAD-NRO/GN/2020/10.
(j) May 8, 2020 by the Securities and Exchange Board of India (Payment of Fees) (Amendment)
Regulations, 2020, vide notification No. SEBI/LAD-NRO/GN/2020/11.
(k) June 16, 2020 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Amendment) Regulations, 2020, vide notification No. SEBI/LAD-
NRO/GN/2020/17.
(l) June 22, 2020 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Second Amendment) Regulations, 2020, vide notification No. SEBI/LAD-
NRO/GN/2020/18.
(m) July 1, 2020 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Third Amendment) Regulations, 2020, vide notification No. SEBI/LAD-
NRO/GN/2020/21.
(n) September 28, 2020 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Fourth Amendment) Regulations, 2020, vide notification No.
SEBI/LAD-NRO/GN/2020/31.
(o) January 8, 2021 by the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2021, vide notification No. SEBI/LAD-
NRO/GN/2021/03.
(p) May 5, 2021 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Second Amendment) Regulations, 2021, vide notification No. SEBI/LAD-
NRO/GN/2021/18.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
(q) August 3, 2021 by the Securities and Exchange Board of India (Regulatory Sandbox)
(Amendment) Regulations, 2021, vide notification No. SEBI/LAD-NRO/GN/2021/30.
(r) August 13, 2021 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Third Amendment) Regulations, 2021, vide notification No. SEBI/LAD-
NRO/GN/2021/45.
(s) October 26, 2021 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Fourth Amendment) Regulations, 2021, vide notification No. SEBI/LAD-
NRO/GN/2021/52.
(t) January 14, 2022 by the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (Amendment) Regulations, 2022, vide notification No. No. SEBI/LAD-
NRO/GN/2022/63.
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.