Procedure for submission of updations in the offer documents filed with SEBI

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..... ve months from three months. The said circular inter-alia stated that before opening of the issue, every issuer shall file an updated offer document with the Board at least one month prior to filing of the same with the Registrar of Companies (hereinafter referred to as RoC ) or the Designated Stock Exchange (hereinafter referred to as DSE ), as the case may be, highlighting all changes made in the offer document. It is also stated in the circular that the procedure for submitting such updated offer documents, including what will constitute significant changes , additional fees etc with the Board, will be specified shortly. 2. Accordingly, in exercise of the powers conferred under sub-section (1) of Section 11 of the Securities an .....

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..... s section. Section 2: Capital Structure: An aggregate increase of 5% or more in the shareholding of the promoter or promoter group or an aggregate increase of 5% or more in the shareholding of the top ten shareholders. Section 3: Issue Size: Any addition or deletion to the objects of the issue resulting in a change in the estimated issue size or estimated means of finance by not more than 10%. Section 4: Management: Appointment of any new director. Section 5: Promoter Group: Any addition to the promoter group or group companies. Section 6: Financial Statements: Any variation in net profit after tax or net loss after tax and/ or extraordinary items in excess of 10% over the last updated financials submitted .....

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..... exemption under clause 17.2A of the SEBI (DIP) Guidelines, 2000. (ii) Filing of updated offer document, with the Board, without fees: Any other change in the offer document which is not covered under point (i) above shall be carried out in the offer document and the updated offer document shall be filed with the Board without payment of any fees. 3. The provisions of this circular shall come into force with immediate effect. 4. All registered merchant bankers are advised to take note of the above and ensure compliance. 5. This circular is also available on SEBI website at www.sebi.gov.in under the categories Legal Framework and Issues and Listing . Yours faithfully, Sanjay Purao - Circular - Trade N .....

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