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Date: 2015-08-14 Category: Extra Ordinary State: Union Government Country: India

Securities And Exchange Board of India (Issue Of Capital and Disclosure Requirements) (Fifth Amendment) Regulations, 2015.

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Executive Summary & Key Takeaways

Executive Summary: This document contains the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Fifth Amendment Regulations, 2015. It amends the 2009 regulations, with changes coming into force on January 1, 2016. Key changes affect syndicate members and underwriters, public and rights issues, and post-issue reporting requirements. Key Points / Main Content: Amendments to Regulations: * Regulation 1: These regulations are called the "SEBI Issue of Capital and Disclosure Requirements Fifth Amendment Regulations, 2015." * Regulation 2: The regulations come into force on January 1, 2016. * Regulation 12: The words and symbols "registrar to issue and share transfer agents, depository participants, stock brokers," shall be inserted after "syndicate members" and before "underwriters." * Regulation 58: Subregulation 5 is substituted to specify that issuers shall accept bids using only ASBA facility for public issues, and shall provide ASBA facility where not more than one payment option is given for rights issues. Qualified institutional buyers and non-institutional investors shall accept bids using ASBA facility only. * Regulation 65: Subregulations 1 and 2 are substituted to modify post-issue reporting requirements for lead merchant bankers. * Public Issue: The lead merchant banker must submit the final post-issue report within seven days of finalization of the basis of allotment or refund of money if the issue fails. * Rights Issue: The lead merchant banker must submit an initial post-issue report within three days of the issue's closure and a final post-issue report within fifteen days of the date of finalization of the basis of allotment or refund of money if the issue fails. Amendments to Schedules: * Schedule VIII: Additions of "registrar to issue and share transfer agents, depository participants" are made. Website address/links for registrar to issue and share transfer agents, depository participants and stock brokers should be provided to investors. * Schedule XI: Amendments are made regarding bidding/collection centers, substituting "SEBI registered intermediaries". "Online system, Self Certified Syndicate Banks, Registrar to Issue and Share Transfer Agents or Depository Participants," should be substituted in item d, and "Registrar to Issue and Share Transfer Agents or Depository Participants" shall be inserted in item e. The words "closure of the issue" shall be substituted for "finalization of allotment" in item i. * Schedule XIII: The words and symbols ",Registrar to Issue and Share Transfer Agents, Depository Participants" shall be inserted for items of the heading AVAILABILITY OF APPLICATION FORMS. Also, the words and symbols ", Stock Brokers, Registrar to Issue and Share Transfer Agents, Depository Participants" shall be inserted for items of the heading AVAILABILITY OF APPLICATION FORMS. * Schedule XVI: Part A is omitted, and in Part C, item number I 5 is omitted and the number and symbol "652b" is substituted with the number and symbol "651". Impact Analysis: Lead Merchant Bankers: * Impact: Modified post-issue reporting timelines and content requirements for both public and rights issues. * Action Required: Adjust reporting processes to comply with the new deadlines and content specifications outlined in the amended regulations. Issuers (Companies conducting public/right issues): * Impact: Mandated to accept bids only through the ASBA facility in public issues, and provide the ASBA facility in right issues. * Action Required: Implement necessary systems to facilitate ASBA for all applicable issues. Self-Certified Syndicate Banks, Registrar to Issue and Share Transfer Agents, Depository Participants, Stock brokers: * Impact: Recognition as bidding/collection centers. * Action Required: Ensure compliance with regulations regarding application acceptance and handling of application monies. Investors: * Impact: Access to information regarding registrar to issue and share transfer agents, depository participants and stock brokers, and ASBA facility. * Action Required: Utilize provided website addresses/links to obtain information on registrar to issue and share transfer agents, depository participants and stock brokers.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): The regulatory body that issued the notification. Securities and Exchange Board of India Act, 1992: The act that provides SEBI with the powers to make regulations. Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2009: The main regulation being amended by this notification. SEBI Issue of Capital and Disclosure Requirements Fifth Amendment Regulations, 2015: The title of the current amendment regulations. Mumbai, Maharashtra: The city where the Securities and Exchange Board of India Notification was issued. Schedule XVI: A schedule within the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2009 which is being amended. Schedule VIII: A schedule within the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2009 which is being amended. New Delhi: Place of Publication
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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- 280] ubZ fnYyh] 'kqØokj] vxLr 14] 2015@Jko.k 23] 1937 No. 280] NEW DELHI, FRIDAY, AUGUST 14, 2015/SHRAVANA 23, 1937 भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूूतततत औऔऔऔरररर ििििववववििििननननममममयययय बबबबोोोोडडडड(cid:9)(cid:9) (cid:9) (cid:9) अअअअििििधधधधससससचचूूचचूू ननननाााा मु(cid:3)बई, 14 अग(cid:8)त, 2015 भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूूतततत औऔऔऔरररर ििििववववििििननननममममयययय बबबबोोोोडडडड (cid:9)(cid:9) (cid:9)(cid:9)((((पपपपूँजूँजूँजूँजीीीी ककककाााा ििििननननगगगगमम(cid:9)(cid:9)मम(cid:9)(cid:9) नननन औऔऔऔरररर (cid:1)(cid:1)(cid:1)(cid:1)ककककटटटटीीीीककककररररणणणण अअअअपपपप(cid:21)(cid:21)ेे(cid:21)(cid:21)ेे ााााएएएए))ँँ))ँँ ((((पपपपााााचचँँचचँँ ववववाााा ँँ ँँससससशशंंशशंं ोोोोधधधधनननन)))) ििििववववििििननननययययमममम,,,, 2222000011115555 सससस..ंं..ंं ससससबबेेबबेे ीीीी////एएएएलललल....एएएए....डडडडीीीी....एएएएनननन....आआआआरररर....ओओओओ....////जजजजीीीी....एएएएनननन....////2222000011115555----11116666////000011112222.—बोड,(cid:12) भारतीय (cid:13)ितभूित और िविनमय बोड(cid:12) अिधिनयम, 1992 (1992 का 15) क(cid:18) धारा 30 (cid:19)ारा (cid:13)द(cid:23) शि(cid:25)य(cid:27) का (cid:13)योग करते (cid:28)ए एत(cid:30)ारा भारतीय (cid:13)ितभूित और िविनमय बोड(cid:12) (पूँजी का िनग(cid:12)मन और (cid:13)कटीकरण अपे%ाए)ँ िविनयम, 2009 का और संशोधन करने के िलए िन’िलिखत िविनयम बनाता ह,ै अथा(cid:12)त ्:- 1. इन िविनयम(cid:27) को भारतीय (cid:13)ितभूित और िविनमय बोड(cid:12) (पूँजी का िनग(cid:12)मन और (cid:13)कटीकरण अपे%ाएँ) (पाँचवाँ संशोधन) िविनयम, 2015 कहा जा सकेगा । 2. वे जनवरी, 2016 के पहले -दन (cid:13)वृ(cid:23) ह(cid:27)ग े। 3. भारतीय (cid:13)ितभूित और िविनमय बोड (cid:12)(पूँजी का िनग(cid:12)मन और (cid:13)कटीकरण अपे%ाएँ) िविनयम, 2009 म:0- (I) िविनयम 12 म,0 श1द(cid:27) और िच3न "4सिडकेट सद(cid:8)य(cid:27)," के प6ात ् और श1द "हामीदार(cid:27)" से पूव(cid:12), श1द और िच3न "िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9, िन%ेपागार सहभािगय(cid:27), (cid:8)टॉक दलाल(cid:27)," अंतः(cid:8)थािपत -कए जाएँगे । (II) िविनयम 58 म,0 उप-िविनयम (5) िन’िलिखत स े(cid:13)ित(cid:8)थािपत हो जाएगा, अथा(cid:12)त:्- “(5) सभी, - (i) साव(cid:12)जिनक िनग(cid:12)म(cid:27) म,0 िनग(cid:12)मकता (cid:12)केवल िन=> रकम से सम?थत आवेदन (ए.एस.बी.ए.) क(cid:18) सुिवधा का (cid:13)योग करके लगाई गई बोिलय(cid:27) (िब@स) को ही (cid:8)वीकार करेगा, जैसा बोड(cid:12) (cid:19)ारा िविनAदB -कया जाए; 3503 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (ii) सािधकार िनग(cid:12)म(cid:27) म,0 जहाँ एक से अनिधक भुगतान िवकCप -दया जाता हो, वहाँ िनग(cid:12)मकता (cid:12) बोड(cid:12) (cid:19)ारा िविनAदB (cid:13)-Dया तथा पाEता मानदडं (cid:27) के अनुसार िन=> रकम से सम?थत आवेदन (ए.एस.बी.ए.) क(cid:18) सुिवधा उपल1ध कराएगा: परंतु यह -क अ?हत सं(cid:8)थागत Dेता9 तथा गैर-सं(cid:8)थागत िनवेशक(cid:27) (िविनधानकता(cid:12)9) के मामल े म 0 िनग(cid:12)मकता (cid:12) केवल िन=> रकम से सम?थत आवेदन (ए.एस.बी.ए.) क(cid:18) सुिवधा का (cid:13)योग करके लगाई गई बोिलय(cid:27) (िब@स) को ही (cid:8)वीकार करेगा ।” (III) िविनयम 65 म,0 उप-िविनयम (1) तथा (2) िन’िलिखत से (cid:13)ित(cid:8)थािपत हो जाएँगे, अथा(cid:12)त:्- “(1) साव(cid:12)जिनक िनग(cid:12)म म,0 अHणी मचIट बJककार (लीड मचIट बJकर) अनुसूची XVI के भाग ग म 0 यथा िविनAदB िनग(cid:12)म के प6ात ् क(cid:18) अंितम Kरपोट(cid:12), आबंटन के आधार को अंितम Lप -दए जाने क(cid:18) तारीख के सात -दन(cid:27) के भीतर या िनग(cid:12)म के असफल रहने के मामले म 0धनरािश को लौटाए जाने (Kरफंड) के सात -दन(cid:27) के भीतर (cid:13)(cid:8)तुत करेगा । (2) सािधकार िनग(cid:12)म म,0 अHणी मचIट बJककार (लीड मचIट बJकर) िनग(cid:12)म के प6ात ् क(cid:18) Kरपोट(cid:12) िन’ानुसार (cid:13)(cid:8)तुत करेगा:- (क) अनुसूची XVI के भाग ख म 0यथा िविनAदB िनग(cid:12)म के प6ात ्क(cid:18) आरंिभक Kरपोट(cid:12), िनग(cid:12)म के बंद होन ेके तीन -दन(cid:27) के भीतर; (ख) अनुसूची XVI के भाग घ म 0यथा िविनAदB िनग(cid:12)म के प6ात ्क(cid:18) अंितम Kरपोट(cid:12), आबंटन के आधार को अंितम Lप -दए जाने क(cid:18) तारीख के पंNह -दन(cid:27) के भीतर या िनग(cid:12)म के असफल रहने के मामल े म 0 धनरािश को लौटाए जाने (Kरफंड) के पंNह -दन(cid:27) के भीतर।” (IV) अनुसूची VIII म,0 भाग क म,0 पैरा (2) म,0 - (1) उप-पैरा (VI) म,0 खंड (ख) म,0 उप-खंड (6) म,0 श1द(cid:27) "(cid:8)व (cid:13)मािणत 4सिडकेट बJक(cid:27)" के प6ात ् और श1द "इPया-द" स े पूव(cid:12), श1द और िच3न ", िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9, िन%ेपागार सहभािगय(cid:27)," अंतः(cid:8)थािपत -कए जाएँगे; (2) उप-पैरा (XII) म,0 खंड (ख) म,0 उप-खंड (3) म,0 मद (च) म,0 उप-मद (ii) म,0 श1द(cid:27) "(cid:8)व(cid:13)मािणत 4सिडकेट बJक(cid:27)" के प6ात ्और श1द "क(cid:18) मुहर" से पूव(cid:12), श1द और िच3न "/ आरटीए / िन%ेपागार सहभािगय(cid:27) / (cid:8)टॉक दलाल(cid:27)" अंतः(cid:8)थािपत -कए जाएँगे । (V) अनुसूची VIII म,0 भाग घ म,0 पैरा (II) म,0 खंड (च) के प6ात,् िन’िलिखत नया खंड अंतः(cid:8)थािपत -कया जाएगा, अथा(cid:12)त:्- "(चक) वेबसाइट के उस पते (उन पत(cid:27)) / उस 4लक (उन 4लक(cid:27)) संबंधी 1यौरे, जहाँ स ेिनवेशक िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9, िन%ेपागार सहभािगय(cid:27) और (cid:8)टॉक दलाल(cid:27) क(cid:18) सूची अिभ(cid:13)ाR कर सके (सक0) ।" (VI) अनुसूची XI म,0 भाग क म,0- (1) मद 6 म,0- (i) उप-मद (क) के परंतुक म,0 श1द(cid:27) "(cid:8)व (cid:13)मािणत 4सिडकेट बJक" के प6ात ् और श1द(cid:27) "भी ऐस े आवेदन(cid:27) को" से पवू (cid:12), श1द और िच3न ", िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता,(cid:12) िन%ेपागार सहभागी, (cid:8)टॉक दलाल" अंतः(cid:8)थािपत -कए जाएँगे; (ii) उप-मद (ख) िन’िलिखत स े(cid:13)ित(cid:8)थािपत हो जाएगी, अथा(cid:12)त,्-¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 "(ख) आवेदन और आवेदन धनरािश (cid:8)वीकार करने वाले (cid:8)टॉक दलाल(cid:27), (cid:8)व-(cid:13)मािणत 4सिडकेट बJक, िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9 तथा िन%ेपागार सहभािगय(cid:27) को 'बोली / संHहण क0N' समझा जाएगा ।" (iii) उप-मद (ग) म,0 श1द(cid:27) और िच3न(cid:27) "बही संचालक(cid:27) / 4सिडकेट सद(cid:8)य(cid:27) / (cid:8)टॉक दलाल(cid:27) / (cid:8)व (cid:13)मािणत 4सिडकेट बJक(cid:27)" के िलए श1द "भारतीय (cid:13)ितभूित और िविनमय बोड(cid:12) से रिज(cid:8)8ीकृत मVयव?तय(cid:27)" (cid:13)ित(cid:8)थािपत हो जाएँगे; (2) मद 12 म,0- (i) उप-मद (घ) म,0 श1द(cid:27) "ऑनलाइन (cid:13)णाली (cid:19)ारा या (cid:8)व (cid:13)मािणत 4सिडकेट बJक(cid:27)" के िलए, श1द और िच3न "ऑनलाइन (cid:13)णाली, (cid:8)व-(cid:13)मािणत 4सिडकेट बJक(cid:27), िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9 या िन%ेपागार सहभािगय(cid:27)" (cid:13)ित(cid:8)थािपत हो जाएँगे; (ii) उप-मद (ङ) म,0 श1द(cid:27) "(cid:8)व (cid:13)मािणत 4सिडकेट बJक" के प6ात ् और श1द(cid:27) "िन=> रकम" से पूव,(cid:12) श1द और िच3न ", िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता (cid:12) या िन%ेपागार सहभागी" अंतः(cid:8)थािपत -कए जाएँगे, और अतं म 0 -दया (cid:28)आ श1द "करेगा" श1द "कर0गे" से (cid:13)ित(cid:8)थािपत हो जाएगा; (iii) उप-मद (झ) म,0 श1द(cid:27) "आबंटन को अंितम Lप -दए जाने" के िलए, श1द "िनग(cid:12)म के बंद होने" (cid:13)ित(cid:8)थािपत हो जाएँगे । (VII) अनुसूची XIII म,0- (1) भाग क म,0 शीष(cid:12)क "आवेदन (cid:13)पE(cid:27) क(cid:18) उपल1धता" क(cid:18) मद(cid:27) के अधीन, श1द(cid:27) "(cid:8)व(cid:13)मािणत 4सिडकेट बJक(cid:27)" के प6ात ्तथा श1द(cid:27) और िच3न(cid:27) "(यथाि(cid:8)थित)" से पूव,(cid:12) श1द और िच3न ", िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9, िन%ेपागार सहभािगय(cid:27)" अंतः(cid:8)थािपत -कए जाएँगे; (2) भाग ख म,0 शीष(cid:12)क "आवेदन (cid:13)पE(cid:27) क(cid:18) उपल1धता" क(cid:18) मद(cid:27) के अधीन, श1द(cid:27) "(cid:8)व(cid:13)मािणत 4सिडकेट सद(cid:8)य(cid:27)" के िलए, श1द और िच3न "(cid:8)व-(cid:13)मािणत 4सिडकेट बJक(cid:27), (cid:8)टॉक दलाल(cid:27), िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9, िन%ेपागार सहभािगय(cid:27)" (cid:13)ित(cid:8)थािपत हो जाएँगे; (3) भाग ग म,0 शीष(cid:12)क "आवेदन (cid:13)पE(cid:27) क(cid:18) उपल1धता" क(cid:18) मद(cid:27) के अधीन, श1द(cid:27) और िच3न(cid:27) "और िनगम(cid:12) बJककार(cid:27), (cid:8)व(cid:13)मािणत 4सिडकेट सद(cid:8)य(cid:27)" के िलए, श1द और िच3न ", िनग(cid:12)मन बJककार(cid:27), (cid:8)व-(cid:13)मािणत 4सिडकेट बJक(cid:27), (cid:8)टॉक दलाल(cid:27), िनग(cid:12)म रिज(cid:8)8ार और शेयर अंतरण अिभकता(cid:12)9, िन%ेपागार सहभािगय(cid:27)" (cid:13)ित(cid:8)थािपत हो जाएँगे; (VIII) अनुसूची XVI म,0- (1) भाग क का लोप हो जाएगा; (2) भाग ग म,0- (i) संदभ(cid:12) वाले शीष(cid:12)क म,0 संXया और िच3न "65(2)(ख)", संXया और िच3न "65(1)" स े(cid:13)ित(cid:8)थािपत हो जाएँगे । (ii) मद सं. I (5) का लोप हो जाएगा । यू. के. िस(cid:3)हा, अ(cid:7)य(cid:9) [िव(cid:11)ापन III/4/असा./69 जैड बी/15 (169)]4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] पपपपाााादददद (cid:1)(cid:1)(cid:1)(cid:1)टटटट(cid:3)(cid:3)(cid:3)(cid:3)पपपपणणणण :::: 1. भारतीय (cid:12)ितभूित और िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण अपे(cid:9)ाए)ँ िविनयम, 2009, सं. एलएडी- एनआरओ/जीएन/2009-10/15/174471 ारा, 26 अग!त, 2009 को भारत के राजप# म $ (cid:12)कािशत &ए थ े । 2. भारतीय (cid:12)ितभिू त और िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण अपे(cid:9)ाए)ँ िविनयम, 2009 त’प(ात ्:— (1) 11 *दस,बर, 2009 को भारतीय (cid:12)ितभूित और अिध4हण) िविनयम, 2011, सं. एल.ए.डी.- िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण एन.आर.ओ./जी.एन./2011-12/24/30181, अपे(cid:9)ाए)ँ (संशोधन) िविनयम, 2009, ारा सं. एलएडी-एनआरओ/जीएन/2009-10/23/ (8) 23 िसत,बर, 2011 को भारतीय (cid:12)ितभूित और 186926, ारा िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण अपे(cid:9)ाए)ँ (दसू रा संशोधन) िविनयम, 2011, फा. (2) 1 जनवरी, 2010 को भारतीय (cid:12)ितभूित और सं.एलएडी-एनआरओ/जीएन/2011-12/25/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 30309, ारा अपे(cid:9)ाए)ँ (संशोधन) िविनयम, 2010, सं.एलएडी-एनआरओ/जीएन/2009-2010/ (9) 30 जनवरी, 2012 को भारतीय (cid:12)ितभूित और 25/189240, ारा िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण (3) 8 जनवरी, 2010 को भारतीय (cid:12)ितभूित और अपे(cid:9)ाए)ँ (संशोधन) िविनयम, 2012, सं. िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण एलएडी-एनआरओ/जीएन/2011-12/34/ 2499, ारा अपे(cid:9)ाए)ँ (दसू रा संशोधन) िविनयम, 2010, (10) 7 फरवरी, 2012 को भारतीय (cid:12)ितभूित और सं.एलएडी-एनआरओ/जीएन/2009-10/26/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 190146, ारा अपे(cid:9)ाए)ँ (दसू रा संशोधन) िविनयम, 2012, सं. (4) 13 अ(cid:12)लै , 2010 को भारतीय (cid:12)ितभूित और एलएडी-एनआरओ/जीएन/2011-12/35/3186, िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण ारा अपे(cid:9)ाए)ँ (तीसरा संशोधन) िविनयम, 2010, (11) 21 मई, 2012 को भारतीय (cid:12)ितभूित और सं.एलएडी-एनआरओ/जी.एन./2010-11/03/ िविनमय बोड (cid:19) [आनुकि7पक िविनधान (िनवेश) 1104, ारा िनिधयाँ] िविनयम, 2012, सं. एल.ए.डी.- (5) 12 नव,बर, 2010 को भारतीय (cid:12)ितभूित और एन.आर.ओ./जी.एन./2012-13/04/11262, िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण ारा अपे(cid:9)ाए)ँ (चौथा संशोधन) िविनयम, 2010, (12) 24 अग!त, 2012 को भारतीय (cid:12)ितभूित और सं.एलएडी-एनआरओ/जीएन/2010-11/19/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 26456, ारा अपे(cid:9)ाए)ँ (तीसरा संशोधन) िविनयम, 2012, सं. (6) 29 अ(cid:12)लै , 2011 को भारतीय (cid:12)ितभूित और एल.ए.डी.-एन.आर.ओ./जी.एन./2012-13/12/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 18951, ारा अपे(cid:9)ाए)ँ (संशोधन) िविनयम, 2011, फा. (13) 12 अ8ूबर, 2012 को भारतीय (cid:12)ितभूित और सं.एल.ए.डी.-एन.आर.ओ./जीएन/2011-12/05/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 13907, ारा अपे(cid:9)ाए)ँ (चौथा संशोधन) िविनयम, 2012, सं. (7) 23 िसत,बर, 2011 को भारतीय (cid:12)ितभूित और एल. ए. डी.-एन.आर.ओ./जी.एन./ 2012-13/ िविनमय बोड (cid:19) (शेयर1 का पया(cid:19)2 अज(cid:19)न और 18/5391, ारा¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 5 (14) 27 फरवरी, 2013 को भारतीय (cid:12)ितभूित और 2014, सं. एल.ए.डी-एन.आर.ओ./ जी.एन./ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 2014-15/03/1089, ारा अपे(cid:9)ाए)ँ (संशोधन) िविनयम, 2013, (20) 25 अग!त, 2014 को भारतीय (cid:12)ितभूित और सं. एल.ए.डी.-एन.आर.ओ./जी.एन./2012-13/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 32/4947, ारा अपे(cid:9)ाए)ँ (दसू रा संशोधन) िविनयम, 2014, (15) 26 अग!त, 2013 को भारतीय (cid:12)ितभूित और सं.एल.ए.डी/एन.आर.ओ./जी.एन./2014-15/06/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 1372, ारा अपे(cid:9)ाए)ँ (दसू रा संशोधन) िविनयम, 2013, (21) 24 मार्च, 2015 को भारतीय (cid:12)ितभूित और सं. एल.ए.डी.-एन.आर.ओ./जी-एन/2013-2014/ िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण 19/ 6422, ारा अपे(cid:9)ाए)ँ (संशोधन) िविनयम, 2015, सं. एल. ए. (16) 8 अ8ूबर, 2013 को भारतीय (cid:12)ितभूित और डी-एन. आर. ओ./जी. एन./2014-15/24/ िविनमय बोड (cid:19) {सं!थागत ;ापा<रक (=े>डग) 538, ारा ?लेटफाम(cid:19) पर िविनAदB (cid:12)ितभूितय1 कC (22) 5 मई, 2015 को भारतीय (cid:12)ितभूित और िविनमय सूचीबEता} िविनयम, 2013, सं. एल.ए.डी.- बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण अपे(cid:9)ाए)ँ एन.आर.ओ./जी.एन./2013-14/ 28/6720, ारा (दसू रा संशोधन) िविनयम, 2015, सं. सेबी- (17) 7 जनवरी, 2014 को भारतीय (cid:12)ितभूित और एन.आर.ओ./ओ.आई.ए.ई./ जी.एन./2015-16/ िविनमय बोड (cid:19) [िवदेशी पोट(cid:19)फोिलयो िविनधानकता (cid:19) 003, ारा (िनवेशक)] िविनयम, 2014, सं. एल.ए.डी. (23) 11 अग!त, 2015 को भारतीय (cid:12)ितभूित और एन.आर.ओ./जी.एन./ 2013-14/36/12, ारा िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण (18) 4 फरवरी, 2014 को भारतीय (cid:12)ितभूित और अपे(cid:9)ाए)ँ (तीसरा संशोधन) िविनयम, 2015, सं. िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण सेबी/एल.ए.डी.-एन.आर.ओ./ जी.एन./2015-16/ अपे(cid:9)ाए)ँ (संशोधन) िविनयम, 2014, 007, ारा सं.एल.ए.डी.-एन.आर.ओ./जी.एन./2013-14/ (24) 14 अग!त, 2015 को भारतीय (cid:12)ितभूित और 44/226, ारा िविनमय बोड (cid:19) (पूँजी का िनग(cid:19)मन और (cid:12)कटीकरण (19) 23 मई, 2014 भारतीय (cid:12)ितभूित और िविनमय अपे(cid:9)ाए)ँ (चौथा संशोधन) िविनयम, 2015, सं. बोड (cid:19) (फCस का संदाय) (संशोधन) िविनयम, सेबी/एल.ए.डी.-एन.आर.ओ./ जी.एन./2015-16/ 008, ारा संशोिधत &ए थे । SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th August, 2015 Securities And Exchange Board of India (Issue Of Capital and Disclosure Requirements) (Fifth Amendment) Regulations, 2015 No. SEBI/LAD/NRO/G.N./2015-16/012.─ In exercise of the powers conferred by 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 SEBI (Issue of Capital and Disclosure Requirements) (Fifth Amendment) Regulations, 2015.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] 2. They shall come into force on the first day of January, 2016. 3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009:- (I) In regulation 12, after the words and symbol “syndicate members,” and before the word “underwriters”, the words and symbols “registrar to issue and share transfer agents, depository participants, stock brokers,” shall be inserted. (II) In regulation 58, sub-regulation (5) shall be substituted with the following, namely:- “(5) In all, - (iii) Public issues, the issuer shall accept bids using only ASBA facility in the manner specified by the Board; (iv) Rights issues, where not more than one payment option is given, the issuer shall provide the facility of ASBA in accordance with the procedure and eligibility criteria specified by the Board: Provided that in case of qualified institutional buyers and non-institutional investors the issuer shall accept bids using ASBA facility only.” (III) In regulation 65, sub-regulation (1) and (2) shall be substituted with the following, namely:- “(1) In public issue, the lead merchant banker shall submit final post-issue report as specified in Part C of Schedule XVI, within seven days of the date of finalization of basis of allotment or within seven days of refund of money in case of failure of issue. (2) In rights issue, the lead merchant banker shall submit post-issue reports as follows:- (a) initial post issue report as specified in Part B of Schedule XVI, within three days of closure of the issue; (b) final post issue report as specified in Part D of Schedule XVI, within fifteen days of the date of finalization of basis of allotment or within fifteen days of refund of money in case of failure of issue. ” (IV) In Schedule VIII, in Part A, in Para (2), - (3) in sub-para (VI), in clause (B), in sub-clause (6), after the words and symbol “Self- Certified Syndicate Banks,” and before the word “etc.”, the words and symbols “registrar to issue and share transfer agents, depository participants,” shall be inserted; (4) in sub-para (XII), in clause (B), in sub-clause (3), item (f), sub-item (ii), after the word “SCSBs” and before the word “and”, the words and symbols “/ RTAs / DPs / stock brokers” shall be inserted. (V) In Schedule VIII, in Part D, in para (II), after clause (F), following new clause shall be inserted, namely:- “(FA) Details regarding website address(es)/link(s) from which the investor can obtain list of registrar to issue and share transfer agents, depository participants and stock brokers.” (VI) In Schedule XI, in Part A, - (1) in item 6,- (i) in the proviso to sub-item (a), after the words and symbols “Self-Certified Syndicate Banks,” and before the words “shall also”, the words and symbols “Registrar to Issue and Share Transfer Agents, Depository Participants, Stock brokers” shall be inserted; (ii) sub-item (b) shall be substituted with the following namely, - “ (b) The stock brokers, Self Certified Syndicate Bank, Registrar to Issue and Share Transfer Agents and Depository Participants accepting applications and application monies shall be deemed as ‘bidding/collection centres’. ” (iii) in sub-item (c), for the words and symbols “book runners/syndicate members/stock brokers/Self Certified Syndicate Banks a”, the words “SEBI registered intermediaries” shall be substituted;¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 7 (2) in item 12,- (i) in sub-item (d), for the words and symbols “on-line system or Self Certified Syndicate Banks”, the words “on-line system, Self Certified Syndicate Banks, Registrar to Issue and Share Transfer Agents or Depository Participants,” shall be substituted; (ii) in sub-item (e), after the words “Self-Certified Syndicate Bank” and before the words “shall accept”, the words and symbols “, Registrar to Issue and Share Transfer Agents or Depository Participants” shall be inserted; (iii) in sub-item (i), for the words “finalization of allotment”, the words “closure of the issue” shall be substituted. (VII) In Schedule XIII, - (1) in Part A, under the items of the heading “AVAILABILITY OF APPLICATION FORMS”, after the words “Self Certified Syndicate Banks” and before the words and symbols “(as the case may be)”, the words and symbols “,Registrar to Issue and Share Transfer Agents, Depository Participants” shall be inserted; (2) in Part B, under the items of the heading “AVAILABILITY OF APPLICATION FORMS”, after the words “Self Certified Syndicate Banks” and before the words and symbols “(as the case may be)”, the words and symbols “, Stock Brokers, Registrar to Issue and Share Transfer Agents, Depository Participants” shall be inserted; (3) in Part C, under the items of the heading “AVAILABILITY OF APPLICATION FORMS”, after the words “Self Certified Syndicate Banks” and before the words and symbols “(as the case may be)”, the words and symbols “, Stock Brokers, Registrar to Issue and Share Transfer Agents, Depository Participants” shall be inserted; (VIII) In Schedule XVI, - (1) Part A shall be omitted; (2) In Part C,- (i) in reference title, the number and symbol “65(2)(b)” shall be substituted with the number and symbol “65(1)”. (ii)item No. I (5) shall be omitted. U.K. SINHA, Chairman [ADVT.-III/4/Exty./69 ZB/15(169)] 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) 11th December, 2009 by Securities and Amendment) Regulations, 2010 vide No. Exchange Board of India (Issue of Capital LADNRO/GN/2009- 10/26/190146. and Disclosure Requirements) (4) 13th April, 2010 by Securities and (Amendment) Regulations, 2009 vide No. Exchange Board of India (Issue of Capital LAD-NRO/GN/2009- 10/23/186926. and Disclosure Requirements) (Third (2) 1st January, 2010 by Securities and Amendment) Regulations, 2010 vide No. Exchange Board of India (Issue of Capital LADNRO/GN/2010-11/03/1104. and Disclosure Requirements) (5) 12th November, 2010 by Securities and (Amendment) Regulations, 2010 vide No. Exchange Board of India (Issue of Capital LAD-NRO/GN/2009- 2010/25/189240. and Disclosure Requirements) (Fourth (3) 8th January, 2010 by Securities and Amendment) Regulations, 2010 vide No. Exchange Board of India (Issue of Capital LADNRO/GN/2010-11/19/26456. and Disclosure Requirements) (Second8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (6) 29th April, 2011 by Securities and Amendment) Regulations, 2013 vide No. Exchange Board of India (Issue of Capital LAD-NRO/GN/2013-14/19/6422. and Disclosure Requirements) (16) 8th October, 2013 by Securities and (Amendment) Regulations, 2011 vide Exchange Board of India (Listing of F. No. LADNRO/GN/2011-12/05/13907. Specified Securities on Institutional (7) 23rd September, 2011 by Securities and Trading Platform) Regulations, 2013 vide Exchange Board of India (Substantial No. LAD-NRO/GN/2013-14/28/6720. Acquisition of Shares and Takeovers) (17) 7th January, 2014 by Securities and Regulations, 2011 vide No. LAD- Exchange Board of India (Foreign NRO/GN/2011-12/24/30181. Portfolio Investors) Regulations, 2014 (8) 23rd September, 2011 by Securities and vide No. LAD-NRO/GN/2013-14/36/12. Exchange Board of India (Issue of Capital (18) 4th February, 2014 by Securities and and Disclosure Requirements) (Second Exchange Board of India (Issue of Capital Amendment) Regulations, 2011 vide and Disclosure Requirements) F. No. LADNRO/GN/2011- 12/25/30309. (Amendment) Regulations, 2014 vide No. (9) 30th January, 2012 by Securities and LAD-NRO/GN/2013-14/44/226. Exchange Board of India (Issue of Capital (19) 23rd May, 2014 by Securities and and Disclosure Requirements) Exchange Board of India (Payment of (Amendment) Regulations, 2012 vide No. Fees) (Amendment) Regulations, 2014 LAD-NRO/GN/2011-12/34/2499. vide No. LAD-NRO/GN/2014-15/03/ (10) 7th February, 2012 by Securities and 1089. Exchange Board of India (Issue of Capital (20) 25th August, 2014 by Securities and and Disclosure Requirements) (Second Exchange Board of India (Issue of Capital Amendment) Regulations, 2012 vide No. and Disclosure Requirements) (Second LAD-NRO/GN/2011-12/35/3186. Amendment) Regulations, 2014 vide No. (11) 21st May, 2012 by Securities and LAD-NRO/GN/2014-15/06/1372. Exchange Board of India (Alternative (21) 24th March 2015 by Securities and Investment Funds) Regulations, 2012 vide Exchange Board of India (Issue of Capital No. LAD-NRO/GN/2012-13/04/11262. and Disclosure Requirements) (12) 24th August, 2012 by Securities and (Amendment) Regulations, 2015 vide No. Exchange Board of India (Issue of Capital LAD-NRO/GN/2014-15/24/538. and Disclosure Requirements) (Third (22) 5th of May, 2015 by SEBI (Issue of Amendment) Regulations, 2012 vide No. Capital and Disclosure Requirements) LADNRO/GN/2012-13/12/18951. (Second Amendment) Regulations, 2015 (13) 12th October, 2012 by Securities and vide No. SEBI-NRO/OIAE/GN/2015- Exchange Board of India (Issue of Capital 16/003. and Disclosure Requirements) (Fourth (23) 11thof August, 2015 by SEBI (Issue of Amendment) Regulations, 2012 vide No. Capital and Disclosure Requirements) LADNRO/GN/2012-13/18/5391. (Third Amendment) Regulations, 2015 (14) 27th February, 2013 by Securities and vide No. SEBI/LAD-NRO/GN/2015- Exchange Board of India (Issue of Capital 16/007. and Disclosure Requirements) (24) 14th of August, 2015 by SEBI (Issue of (Amendment) Regulations, 2013 vide No. Capital and Disclosure Requirements) LAD-NRO/GN/2012-13/ 32/4947. (Fourth Amendment) Regulations, 2015 (15) 26th August, 2013 by Securities and vide No. SEBI/ LAD-NRO/GN/2015- Exchange Board of India (Issue of Capital 16/008 and Disclosure Requirements)(Second Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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