Regulatory Alerts2025-09-09
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2025
The Securities and Exchange Board of India (SEBI) issued the Second Amendment Regulations, 2025, to modify the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. These amendments introduce new definitions for 'Qualified Institutional Buyers' and 'Financial Sector Regulators', mandate demat status for specified shareholders prior to draft offer document filing, and expand the list of eligible entities for preferential allotments. Additionally, the regulations update disclosure requirements in the placement document, including detailed capitalization statements, financial information, and material litigation thresholds.
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