Relaxations relating to procedural matters – Issues and Listing
Summary
This circular extends the validity of one-time relaxations from strict enforcement of SEBI regulations regarding Rights Issues. The extended period applies to Rights Issues opening up to December 31, 2020. These relaxations were originally granted via a previous circular dated May 6, 2020.
Text
Based on the representations received from the market participants, the validity of relaxations, as provided by Circular No. SEBI/HO/CFD/DIL2/CIR/P/2020/78 dated May 6, 2020 is further extended and shall be applicable for Rights Issues opening upto December 31, 2020.
This Circular is issued in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992.
Source: SecMarx — Relaxations relating to procedural matters – Issues and Listing. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.