Join our Law Notes WhatsApp Group and stay updated with Legal and Judicial Updates

Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2011

From Lawnotes.in
Jump to:navigation, search

SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2011 – Amendment in regulation 58

NOTIFICATION F. NO. LAD-NRO/GN/2011-12/05/13907, DATED 29-4-2011

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 Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2011.

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, in regulation 58, after sub-regulation (5), the following proviso shall be inserted, namely:—

“Provided that in case of qualified institutional buyers and non-institutional investors the issue shall accept bids using ASBA facility only.”

See Also