Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2010
No. LADNRO/GN/2009-2010/25/189240.In exercise of the powers
conferred by Section 30 of the Securities and Exchange Board
of India Act, 1992 (15 of 1992), the Board hereby makes the
following regulations to amend the Securities and Exchange
Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009, namely:-
1. (i) These regulations may be called the Securities and
Exchange Board of India (Issue of Capital and Disclosure Requirements)
(Amendment) Regulations, 2010.
(ii) These regulations shall come into force on the date of
their publication in the Official Gazette.
2. In the Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, 2009 –
(i) in regulation 58,-
(a) for sub-regulation (5), the following sub-regulation shall
be substituted, namely:-
“(5) In all public issues and rights issues, where
not more than one payment option is given, the issuer shall
provide the facility of ASBA in accordance with the procedure
and eligibility criteria specified by the Board.”
(b) sub-regulation (6) shall be omitted;
(ii) in schedule XI, in Part A, in para (12), in clause (i),
the bracket and words “(except ASBA investors)”
shall be omitted.
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