Filing of Offer Documents under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
Summary
This circular modifies previous regulations regarding the filing of draft offer documents for capital issues. It mandates that issuers with an estimated issue size up to 750 crores file documents with specific regional offices based on their jurisdiction. For issues exceeding this threshold, filings must be made directly with the SEBI Head Office in Mumbai.
Text
draft offer documents in respect of issues of size upto ` 750 crores shall be filed with the concerned regional office of the Board under the jurisdiction of which the registered office of the issuer company falls.
Estimated issue size greater than ` 750 crores ... SEBI Head Office, SEBI Bhavan, Plot No. C4-A, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
Northern Region ... Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh, Chandigarh, National Capital Territory of Delhi, Uttarakhand ... SEBI Northern Regional Office, New Delhi
Eastern Region ... Assam, Bihar, Manipur, Meghalaya, Nagaland, Odisha, West Bengal, Tripura, Arunachal Pradesh, Mizoram, Jharkhand, Andaman & Nicobar Islands and Sikkim ... SEBI Eastern Regional Office, Kolkata
Southern Region ... Andhra Pradesh, Telangana Karnataka, Kerala, Tamil Nadu, Puducherry, Lakshadweep ... SEBI Southern Regional Office, Chennai
Western Region ... Gujarat, Rajasthan, Madhya Pradesh, Chhattisgarh, Dadra and Nagar Haveli, Goa and Daman and Diu ... SEBI Western Regional Office, Ahmedabad
Maharashtra ... SEBI Head Office, Mumbai
The amendments made vide this circular shall come into effect for all draft offer documents for issues which are filed with SEBI on or after the date of issuance of this circular.
This circular is issued in exercise of powers conferred by Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992
Source: SecMarx — Filing of Offer Documents under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.