9911796707
TMI BlogAmendments to the SEBI (Disclosure and Investor Protection) Guidelines, 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... Further, the existing clause 8.2.2.1 stands deleted as the same appears as clause 8.21.2 of the guidelines. These amendments shall come into force from the date of the circular. Yours faithfully, R.M. JOSHI Executive Director AMENDMENT TO SEBI (DISCLOSURE AND INVESTOR PROTECTION ) GUIDELINES, 2000 CHAPTER VIII - OTHER ISSUE REQUIREMENTS 1. The existing clause 8.2 shall be substituted by the following : "8.2 Public issue and listing of non-convertible debt securities (hereinafter referred to as NCDS) and Debt Securities convertible into equity after allotment (hereinafter referred to as DSCE). * An unlisted company making a public issue of NCDS may, subject to other applicable provisions of these guidelines, make a public ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ructure and change in shareholding pattern. * There shall be no partly paid up shares/other securities at the time of filing of draft offer document with the Board. * The issuer company may come out with a public issue of equity/security convertible into equity after allotment during the currency of the NCDS or thereafter, only after complying with the guidelines applicable for an initial public offering of such securities. * The equity held by the promoters or others at the time of issue of NCDS may be listed only when an initial public offer of equity/securities convertible into equity after allotment is made after complying with the applicable provisions of these Guidelines. * A Municipal Corporation which has no share capital ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the public (after excluding the allotment of equity shares to holders of DSCE issued on firm allotment/reservation basis) as a percentage of the total paid up equity capital after conversion and listing of the promoters equity, is not less than the percentage specified in clause (b) of sub-rule (2) of Rule 19 of Securities Contracts (Regulations) Rules, 1957. 8.2.5 The lead merchant banker can mention a price band of 20% (cap in the coupon rate/ price band should not be more than 20% of the floor coupon rate/price) in the offer document filed with the Board and the specific coupon rate/price can be determined by an issuer in consultation with the lead manager at a later date before filing of the offer document with the RoC/s. 8.2.5 T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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