SEBI Repeals Norms w.r.t. ‘Procedure Dealing With Cases Involving Offer/Allotment of Securities up to 200 Investors
- News|Blog|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 15 March, 2024
Latest from Taxmann
Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2024/016; Dated: 13.03.2024
The SEBI has repealed the circulars outlining the procedure for cases where securities are issued before April 01, 2024, involving the offer/allotment of securities to more than 49 but up to 200 investors in an FY. The same shall stand rescinded w.e.f 6 months from the date of issue of the circular. Further, all cases involving an offer or allotment of securities to more than the permissible no. of investors must be dealt with in line with provisions contained under extant applicable laws.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
