Amendments to SEBI (ICDR) Regulations, 2009 - Increasing the investment bucket for anchor investor and regulations concerning the preferential issue norms
Summary
This circular clarifies the applicability of amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 made by the Second Amendment Regulations, 2014. It specifies that revised anchor investor allocation rules apply to offer documents filed on or after the notification date. Additionally, new preferential issue regulations apply when the notice for the general meeting is issued on or after the notification date.
Text
The revised sub-regulation (3) of regulation 43 on anchor investor allocation shall be applicable to issuers filing offer documents with the Registrar of Companies on or after the date of notification of SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014.
The new and revised regulations under Chapter VII viz. regulations 71A, 76, 76A and 76B on preferential issue shall be applicable for the preferential issuances where notice for the general meeting for passing of special resolution by the shareholders is issued on or after the date of notification of SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014.
Source: SecMarx — Amendments to SEBI (ICDR) Regulations, 2009 - Increasing the investment bucket for anchor investor and regulations concerning the preferential issue norms. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.