Regulatory Alerts2023-06-21
Master Circular for Issue of Capital and Disclosure Requirements
The Securities and Exchange Board of India issued this Master Circular to consolidate and rescind previous directions under the ICDR Regulations 2018, establishing a unified framework for capital issuance and disclosure. The document mandates specific penalty structures for listed entities failing to comply with timelines for bonus issues and listing applications, while streamlining rights issue procedures and standardizing offer document disclosures. Additionally, it introduces mandatory online filing systems, formulas for compensating retail investors for ASBA failures, and eligibility criteria for investors on the Innovators Growth Platform.
Share