SEBI Repeals Norms w.r.t. ‘Procedure Dealing With Cases Involving Offer/Allotment of Securities up to 200 Investors

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  • Last Updated on 15 March, 2024

SEBI norms for Allotment of Securities

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The SEBI has repealed the circulars outlining the procedure for cases where securities are issued before April 01, 2024, involving the offer/allotment of securities to more than 49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 The same shall stand rescinded w.e.f 6 months from the date of issue of the circular.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

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