Category: Capital Markets

InCapital Markets

AIFS: FEBRUARY 5, 2020 SEBI AMENDMENT

This note has been prepared to set out the key takeaways from Securities and Exchange Board of India (“SEBI”) Circular no. SEBI/HO/IMD/DF6/CIR/P/2020/24 dated February 5, 2020. In the circular, SEBI has instituted the following reforms aimed at streamlining disclosure standards in the AIF space: Templatisation of preliminary placement memorandum: The private placement memorandum (“PPM”) template…
InCapital Markets

UPDATE: SEBI ADJUDICATION ORDER ON CIRCULATION OF UPSI WITH RESPECT TO MINDTREE LIMITED

The Securities and Exchange Board of India (“SEBI”) vide its Adjudication Order No. Order/BD/VS/2020- 21/7825 dated 29 May 2020 (“Order”) in the matter of circulation of unpublished price sensitive information (“UPSI”) through WhatsApp messages with respect to Mindtree Limited (“Mindtree”) under Section 15-I of SEBI Act, 1992 (“Act”) read with Rule 5 of SEBI (Procedure…
InCapital Markets

QIPS: KEY CHANGES IN SEBI ICDR REGULATIONS, 2018

The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR 2018”) has replaced SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“ICDR 2009”) effectively from November 10, 2018. What follows is the analysis of Chapter VI of the of the ICDR 2009 which deals with qualified institutions placement. Definition of QIP: The definition…
InCapital Markets

PREFERENTIAL ALLOTMENT: KEY CHANGES IN SEBI ICDR REGULATIONS, 2018

The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR 2018”) has replaced SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“ICDR 2009”) effectively from November 10, 2018. What follows is the analysis of Chapter V of the ICDR 2018 which deals with preferential allotment. Preferential allotment is the process of allocating shares…

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