Sunday, February 9, 2014

SEBIupdates

SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2014 - AMENDMENT IN REGULATION 26, SCHEDULE VIII & SCHEDULE XIII
NOTIFICATION NO.LAD-NRO/GN/2013-14/44/226DATED 4-2-2014
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, namely:—
1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2014.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009,—
(i)  in regulation 26, sub-regulation (7) shall be substituted with the following, namely—
  "(7) An issuer making an initial public offer may obtain grading for such offer from one or more credit rating agencies registered with the Board.".
(ii)  in Schedule VIII,
(a)  in Part A, in para (2),
(i)  in sub-para (I), in clause (A), in sub-clause (2), in item (m), after the words "an initial public offer" and before the symbol ":", the words and symbols "(if applicable)" shall be inserted;
(ii)  in sub-para (VI), in clause (B), in sub-clause (10), after the words "IPO Grading" and before the symbol ":", the words and symbol ", if applicable" shall be inserted;
(iii)  in sub-para (IX), in clause (B), in sub-clause (9), in item (f), the illustrative format of Statement of Assets and Liabilities shall be substituted with the following, namely,—
"  
  As at March 31,…
     20×120×2 20×320×4 20×5
  (Rupees in lakhs)
 (1) Equity & Liabilities

 
  Shareholders' Funds

 
 
(a) Share capital

 
  (b) Reserves & surplus

 
           
  (2)Non Current Liabilities

 
 
(a) Long term borrowings

 
  (b) Deferred tax liabilities (net)

 
 
(c) Long term provisions

 
            
 (3) Current Liabilities

 
  (a) Short term borrowings

 
 
(b) Trade payables

 
  (c) Other current liabilities

 
 
(d) Short term provisions

 
            
 
Total

 
            
 
Assets

 
  (4)Non Current Assets

 
 
(a) Fixed Assets

 
  (b) Non current investments

 
 
(c) Long term loans and advances

 
  (d) Other non current assets

 
           
  (5)Current Assets

 
 
(a) Current Investments

 
  (b) Inventories

 
 
(c) Trade receivables

 
  (d) Cash and bank balances

 
 
(e) Short term loans and advances

 
  (f) Other current assets

 
           
  Total

 
";
(iv)  in sub-para (XVI), in clause (A), in sub-clause (4), after the words "unlisted issuer", the words and symbol ", if applicable" shall be inserted.
(b)  in Part D, under the heading "Disclosures:" in para (X), in sub-para (A), after the words and symbol " in tabular format.", the words and symbols "(if applicable)" shall be inserted.
(iii)  in Schedule XIII,
(a)  in Part A, in FORMAT OF PRE-ISSUE ADVERTISEMENT FOR PUBLIC ISSUE(FIXED PRICE/BOOK BUILT), after words "IPO GRADING", the words and symbols "(if applicable)" shall be inserted;
(b)  in Part B, in FORMAT OF ISSUE OPENING ADVERTISEMENT FOR PUBLIC ISSUE(FIXED PRICE/BOOK BUILT), after words "IPO GRADING", the words and symbols "(if applicable)" shall be inserted;
(c)  in Part C, in FORMAT OF ISSUE CLOSING ADVERTISEMENT FOR PUBLIC ISSUE (FIXED PRICE/BOOK BUILT), after words "IPO GRADING", the words and symbols "(if applicable)" shall be inserted.

--

Admissibility of entries in the books of account

  The Bhartiya Sakshya Adhiniyam 2023 (Indian Evidence Act 2023) Section 28 deals with the admissibility of entries in the books of accoun...