India’s increasingly robust approach towards corporate fraud has helped in a significant level of fraud detection in public as well as private companies. The statutory and investor driven imperative...
Published On: 31/10/2022
Practice Area: Capital Markets & International Offerings, Corporate & Commercial
Authors:
Manshoor Nazki
Priyadarshini Rao
The Securities Exchange Board of India has, in its meeting held on September 30, 2022, approved certain changes to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, including disclosure of additional information linked to basis for valuation, introduction of confidential pre-filing of draft offer document, monitoring of proceeds from preferential issue and QIPs and certain changes in alternative investment spaces like REITs and InvITs. These changes will affect disclosures, filing timelines and certain procedural aspects of capital market transactions.
INDUSLAW’s Partner Manshoor Nazki, Principal Associate Priyadarshini Rao and Associate Anuj Kumar Gupta analyse the changes introduced by SEBI through this press release and present their insights.
