Executive Summary:
This notification from the Securities and Exchange Board of India (SEBI) announces the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2020. It amends the 2018 regulations concerning capital issuance and disclosure requirements. The regulations come into force on the date of their publication in the Official Gazette, June 16, 2020.
Key Points / Main Content:
* **Amendment Regulations:**
* The regulations are called the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2020.
* These regulations further amend the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018.
* **Effective Date:**
* The regulations come into force on June 16, 2020.
* **Specific Amendment:**
* In regulation 172, subregulation 3 of the 2018 regulations, the words "six months" are replaced with "two weeks."
Impact Analysis:
* **Issuers of Capital:**
* Impact: Issuers need to be aware of the change in timelines for regulatory compliance, specifically regarding regulation 172, subregulation 3, where the "six months" timeframe is reduced to "two weeks".
* Action Required: Comply with the revised timeline of "two weeks" instead of "six months" as stipulated in the amended regulation 172(3).
* **Securities and Exchange Board of India (SEBI):**
* Impact: SEBI is responsible for enforcing the amended regulations.
* Action Required: Implement and oversee the enforcement of the amended regulations, particularly the change in timeline from "six months" to "two weeks" in regulation 172(3).
* **Investors:**
* Impact: Investors benefit from potentially faster compliance and disclosures from companies due to the reduced timeline.
* Action Required: Stay informed about the changes in regulations and their potential impact on investment decisions.
Key Entities Referenced
Securities and Exchange Board of India (SEBI): Regulatory body in India for securities and commodity market.
Securities and Exchange Board of India Act, 1992: The Act of Parliament that established the Securities and Exchange Board of India (SEBI) and gave it statutory powers.
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018: A set of regulations by SEBI concerning the issuance of capital and disclosure requirements.
Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Amendment Regulations, 2020: Amendments made in 2020 to the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018
Mumbai, Maharashtra: City in India, location of SEBI office where the notification was issued.
Official Gazette: A public journal where government notifications and legal notices are published.
Ajay Tyagi: Chairman of the Securities and Exchange Board of India (SEBI).
New Delhi, Delhi: The location where the Gazette of India is printed and published.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-16062020-219957
xxxGIDHxxx
CG-MH-E-16062020-219957
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 202] िई ददल्ली, मगं लिार, ििू 16, 2020/ज्य ष्े ठ 26, 1942
No. 202] NEW DELHI, TUESDAY, JUNE 16, 2020/JYAISHTHA 26, 1942
भारतीय प्रजतभजू त और जिजिमय बोडड
अजधसचू िा
मुम्बई, 16 िूि, 2020
भारतीय प्रजतभजू त और जिजिमय बोडड
[पिूूँ ी का जिगमड ि (इश्य)ू और प्रकटीकरण अपक्षे ाएूँ] (सिं ोधि) जिजियम, 2020
स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2020/17— बोडड, भारतीय प्रजतभूजत और जिजिमय बोडड अजधजियम,
1992 (1992 का 15) की धारा 30 के तहत प्रदत्त िजियों का प्रयोग करत े हुए एतद्द्वारा भारतीय प्रजतभूजत और जिजिमय
बोडड [पूूँिी का जिगडमि (इश्य)ू और प्रकटीकरण अपेक्षाएूँ] जिजियम, 2018 का और संिोधि करिे के जलए जिम्नजलजखत
जिजियम बिाता ह,ै अर्ातड :् -
1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्य)ू और प्रकटीकरण अपक्षे ाएूँ]
(संिोधि) जिजियम, 2020 कहा िा सकेगा ।
2. ि े रािपत्र म ें उिके प्रकािि की तारीख को प्रिृत्त (लाग)ू होंगे ।
3. भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्य)ू और प्रकटीकरण अपक्षे ाएूँ] जिजियम, 2018 म,ें -
I. जिजियम 172 में, उप-जिजियम (3) में, िब्दों “छह महीि”े के जलए, िब्द “दो सप्ताह” प्रजतस्ट्र्ाजपत हो
िाएंगे ।
अिय त्यागी, अध्यक्ष
[विज्ञापन-III/4/असा./58/2020-21]
2586 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
पाद टटप्पण:
1. भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण अपक्षे ाएूँ] जिजियम, 2018,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/31 द्वारा, 11 जसतम्बर 2018 को भारत के
रािपत्र म ें प्रकाजित हुए र् े।
2. मूल जिजियम तत्पश्चात् -
(क) 31 ददसम्बर, 2018 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (संिोधि) जिजियम, 2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2018/57, द्वारा
(ख) 29 माचड, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण
अपेक्षाए]ूँ (संिोधि) जिजियम, 2019, अजधसूचिा स.ं सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/05, द्वारा
(ग) 5 अप्रलै , 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और प्रकटीकरण
अपेक्षाए]ूँ (दसू रा संिोधि) जिजियम, 2019, अजधसूचिा स.ं सबे ी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/08, द्वारा
(घ) 29 िलु ाई, 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (तीसरा संिोधि) जिजियम, 2019, अजधसूचिा स.ं सेबी/एलएडी-
एिआरओ/िीएि/2019/29, द्वारा
(ङ) 23 जसतम्बर, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (चौर्ा संिोधि) जिजियम, 2019, अजधसूचिा स.ं सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2019/35, द्वारा
(च) 6 ददसम्बर, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (पाूँचिाूँ संिोधि) जिजियम, 2019, अजधसूचिा स.ं 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 अपक्षे ाएूँ] (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 बोडड [पूूँिी का जिगडमि (इश्यू) और
प्रकटीकरण अपेक्षाए]ूँ (सातिाूँ संिोधि) जिजियम, 2019, अजधसूचिा स.ं सेबी/एल.ए.डी.-
एि.आर.ओ./िी.एि./2020/01, द्वारा
(झ) 8 मई, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड (फीस का भुगताि) (संिोधि) जिजियम,
2020, अजधसूचिा स.ं सेबी/एलएडी-एिआरओ/िीएि/2020/011, द्वारा
(ञ) 17 अप्रैल 2020 को भारतीय प्रजतभूजत और जिजिमय बोडड (रेग्यलू ेटरी सडैं बॉक्स) (सिं ोधि)
जिजियम, 2020, स.ं सेबी/एल.ए.डी.-एिआरओ/िीएि/2020/10, द्वारा
संिोजधत हुए र्े ।[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 16th June, 2020
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE
REQUIREMENTS) (AMENDMENT) REGULATIONS, 2020
No. SEBI/LAD-NRO/GN/2020/17 .─ 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) (Amendment) Regulations, 2020.
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 regulation 172, in sub-regulation (3) for the words “six months” the words “two weeks” shall be
substituted.
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./58/2020-21]
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/2019/35.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
(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.
(h) January 01, 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) May 08, 2020 by the Securities and Exchange Board of India (Payment of Fees) (Amendment)
Regulations, 2020, vide notification No. SEBI/LAD-NRO/GN/2020/11.
(j) 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.
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.