Tag Archives: Public Issue

SEBI Issues Clarification With Respect to ASBA Facility: Banks to Use Their Accounts in Other SCSBs When Applying in Public/Rights Issues

By Ashutosh Sharma, Associate Market regulator Securities and Exchange Board of India (“SEBI”) has issued a circular CIR/CFD/DIL/1/2013 dated January 2, 2013 asking the banks providing Application Supported by Blocked Amount (“ASBA”) facility for public offers to use their accounts … Continue reading

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Fourth Amendment to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

By Ushasi Khan, Associate The Securities & Exchange Board of India (“SEBI”), vide its circular dated October 12, 2012 (the “Fourth Amendment”), has brought about some major changes to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the … Continue reading

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SEBI Announces Electronic Applications in Public Issues

By Abhishek Emmanuel Kisku, Associate The Securities and Exchange Board of India (“SEBI”), through its Circular dated October 4, 2012 has decided to introduce an additional mechanism to enable investors to submit their application forms during public issues. The said … Continue reading

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The Sahara Case: The Supreme Court Clarifies the Difference between a Private Placement and Public Issue and Ratifies SEBI’s Jurisdiction to Investigate and Adjudicate a Public Issue done in the Guise of a Private Placement

By Ashutosh Sharma, Associate The Supreme Court on August 31, 2012 passed its judgment in Sahara India Real Estate Corporation Ltd & Ors vs. SEBI & Anr. and directed the Sahara Group and its two group companies Sahara India Real … Continue reading

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