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SEBI rationalizes eligibility and disclosure requirements for rights Issue in ICDR Regulations

October 7, 2020[2020] 120 taxmann.com 87 (Article)
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The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) lay down guidelines relating to conditions for various kinds of issues including public and rights issue, conditions relating to pricing in public offerings, conditions governing promoter’s contribution, restriction on transferability of promoter’s contribution, minimum offer to public, reservations, manner of disclosures in offer documents, etc.
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