Amended notification of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021 (dated – 26.10.2021) – SEBI.
View PdfAmended notification of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021 (dated – 26.10.2021) – SEBI.
- This notification has come into effect form 26.10.2021.
- In regulation 6,
- In sub-regulation (3), clause (ii) and the Explanation shall be substituted with the following, namely,-
- “(ii) The net worth of the SR shareholder, as determined by a Registered Valuer, shall not be more than rupees one thousand crore.
- Explanation:While determining the individual net worth of the SR shareholder, his investment/ shareholding in other listed companies shall be considered but not that of his shareholding in the issuer company.”
- In sub-regulation (3), clause (v) shall be substituted with the following, namely,-
- “(v) The SR equity shares have been issued prior to the filing of draft red herring prospectus and held for a period of at least three months prior to the filing of the red herring prospectus;” ETC.,
