SEBI vide Notification No. SEBI/LAD/NRO/GN/2016-17/030 on Wednesday, 15th February, 2017 notified Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2017 which shall come into force on the date of publication in Official Gazette. This hereby undertakes following amendments:
- Regulation 70e. provisions of Chapter VII Preferential Issue shall not apply in certain cases: inculcating provisions of Companies Act, 2013 wherever applicable
- New Regulation 111A – Liability for contravention of the Act, rules or the regulations
- New Regulation 111B – Failure to pay fine
The said Notification of SEBI is available at the following link:SEBI noti dt 15.02.2017 ICDR Amnd 2017