{"id":28706,"date":"2018-10-24T14:28:02","date_gmt":"2018-10-24T08:58:02","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28706"},"modified":"2018-10-24T14:28:02","modified_gmt":"2018-10-24T08:58:02","slug":"sebi-eases-norms-for-share-buy-backs-ipos","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/sebi-eases-norms-for-share-buy-backs-ipos\/","title":{"rendered":"SEBI eases norms for share buy-backs, IPOs"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Industry\/sebi-eases-norms-for-share-buy-backs-ipos\/article24223161.ece\">SEBI eases norms for share buy-backs, IPOs<\/a><\/p>\n<p><strong>News<\/strong><\/p>\n<ol>\n<li>The Securities and Exchange Board of India (SEBI) has amended the rules related to public issues, takeovers and buy-backs based on feedback received from various market participants.<\/li>\n<\/ol>\n<p><strong>Important facts<\/strong><\/p>\n<p>2. Proposed changes for IPO<\/p>\n<ul>\n<li>Give companies more time for the upward revision of open offer price and to announce the price band for an initial public offer (IPO).<\/li>\n<li>A company can now announce the price band two days before the opening day of IPO instead of the earlier requirement of five days.<\/li>\n<li>Financial disclosures now need to be mentioned only for three years instead of five<\/li>\n<li>Companies making a rights issue have to submit a draft document only if the issue size is more than \u20b910 crore. Currently, the threshold limit in such cases is \u20b950 lakh.<\/li>\n<li>Disclosure requirements related to group companies have been made more specific in the SEBI (Issue of Capital and Disclosure Requirements) Regulations.<\/li>\n<\/ul>\n<p>3. For IPO\u2019s by SME<\/p>\n<ul>\n<li>The minimum anchor investor size has been reduced to \u20b92 crore from the existing \u20b910 crore.<\/li>\n<li>Insurance companies and foreign portfolio investors have been allowed to participate as anchor investors in main board IPOs.<\/li>\n<li>The regulator has also brought parity in terms of shareholding limits for domestic and foreign entities in stock exchanges, clearing corporations and depositories.\n<ul>\n<li>This would allow eligible foreign and domestic entities to hold up to 15% stake in such market institutions. Until now, only a select set of investors were allowed to hold 15% stake in exchanges and depositories.<\/li>\n<\/ul>\n<\/li>\n<li>Amend the norms related to the tenure and directorships of managing directors and public interest directors (PID) of SMEs.\n<ul>\n<li>A person can serve as the MD for two terms of five years each or up to 65 years of age.<\/li>\n<li>For a PID moving from one market institution to another a one-year cooling period would be mandatory.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>4. SEBI will also release new norms for enhanced monitoring and supervision of market intermediaries, especially registrar and transfer agents (RTA).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEBI eases norms for share buy-backs, IPOs News The Securities and Exchange Board of India (SEBI) has amended the rules related to public issues, takeovers and buy-backs based on feedback received from various market participants. Important facts 2. Proposed changes for IPO Give companies more time for the upward revision of open offer price and&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/sebi-eases-norms-for-share-buy-backs-ipos\/\">Continue reading <span class=\"screen-reader-text\">SEBI eases norms for share buy-backs, IPOs<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28706","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704911066},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28706"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28706\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}