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Relaxations relating to procedural matters – Issues and Listing - SEBI - SEBI/HO/CFD/DIL2/CIR/P/2020/78

Extract

..... ICDR Regulations”) , pertaining to Rights Issue opening upto July 31, 2020: (i) Service of the abridged letter of offer, application form and other issue material to shareholders may be undertaken by electronic transmission as already provided under Regulation 77(2) of the ICDR Regulation. Failure to adhere to modes of dispatch through registered post or speed post or courier services due to prevailing Covid-19 related conditions will not be treated as non-compliance during the said period. However, the issuers shall publish the letter of offer, abridged letter of offer and application forms on the websites of the company, registrar, stock exchanges and the lead manager(s) to the rights issue. Further, the issuer company along .....

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Relaxations relating to procedural matters – Issues and Listing - SEBI

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..... redit of REs within specified time, such physical shareholders may be allowed to submit their application subject to following conditions: (a) Issuer along with lead manager(s) and other recognized intermediary shall institute a mechanism to allow physical shareholders to apply in the rights issue. Issuer along with lead manager(s) shall ensure to take adequate steps to communicate such a mechanism to physical shareholders before the opening of the issue. (b) Such shareholder shall not be eligible to renounce their rights entitlements. (c) Such physical shareholders shall receive shares, in respect of their application, only in demat mode. The lead managers may also be guided by Para 10 of the Form A Schedule V of the ICDR Regul .....

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Relaxations relating to procedural matters – Issues and Listing - SEBI

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..... s) to guide investors in gaining familiarity with the application process and resolve difficulties faced by investors on priority basis. (d) The issuer along with lead manager(s), registrar, and other recognized intermediaries (as incorporated in the mechanism) shall be responsible for all investor complaints. 2. In respect of all offer documents filed until July 31, 2020, it has been decided to grant the following relaxations: (i) Authentication/ certification/ Undertaking(s) in respect of offer documents, may be done using digital signature certifications. (ii) The issuer along with lead manager(s) shall provide procedure for inspection of material documents electronically. 3. This circular shall come into force with i .....

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