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NOTICES
Notice No.   20220407-29   Notice Date   07 Apr 2022
Category   Circulars Listed Companies   Segment   Equity
Subject   Securities and Exchange Board of India (ICDR) (Amendment) Regulations, 2022 dated January 14, 2022
 
Content

 

FREQUENTLY ASKED QUESTIONs

 

Subject: ecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022 dated January 14, 2022

 

Q.1. What is the condition for claiming exemption from the applicability of Chapter V as specified under Regulation 158(1) (a) of SEBI (ICDR) Regulations, 2018 for cases covered under section 62(3) of the Companies Act, 2013?

 

Ans.1.  As per newly inserted Proviso to Regulation 158(1)(a) of SEBI (ICDR) Regulations, 2018 read with Proviso to Section 62(3) of the Companies Act, 2013, in order to claim exemption from the applicability of Chapter V for cases covered under section 62(3) of the Companies Act, 2013, the terms of issue of such debentures or loan containing such an option, including conditions for exercise of such option, should have been approved by the shareholders prior to the issue of such debentures or the raising of loan by way of a special resolution passed by the company in general meeting.

 

Ashok kumar Singh  
AGM-Listing Compliance 

 

Nisha Mehta    
Sr. Manager-Listing Compliance

 

April 7, 2022