Sebi's Kolkata jurisdiction extended to include Sikkim, Andaman

Companies based in and and can now file the offer documents for public issues of up to Rs 500 crore at the Securities and Exchange Board of India (Sebi)’s eastern regional office in Kolkata, the said on Wednesday.

The decision follows a direction in May, wherein the regulator had allowed companies to file their offer documents at one of its four regional offices for public issues of up to Rs 500 crore, depending on the place where the issuer has its registered office. For offer sizes higher than Rs 500 crore, the documents need to be filed at the Sebi’s main office in Mumbai.

As per a May 3 circular from Sebi, companies based in Assam, Bihar, Manipur, Meghalaya, Nagaland, Orissa, West Bengal, Tripura, Arunachal Pradesh, Mizoram and Jharkhand can file the offer documents for issues of up to Rs 500 crore at the Kolkata office. In the circular issued on Wednesday, has added and the Union Territory of and Islands under the jurisdiction of its Eastern Regional Office.

This amendment will come into effect for all draft offer documents for issues that are filed with on or after August 27, the regulator said.

Earlier in October 2010, had increased the threshold limit from Rs 50 crore to Rs 100 crore for offer documents to be filed with its regional offices. The cap was further raised from Rs 100 crore to Rs 500 crore in May this year. PTI

image
Business Standard
177 22
Business Standard

Sebi's Kolkata jurisdiction extended to include Sikkim, Andaman

Press Trust Of India  |  Mumbai 

Companies based in and and can now file the offer documents for public issues of up to Rs 500 crore at the Securities and Exchange Board of India (Sebi)’s eastern regional office in Kolkata, the said on Wednesday.

The decision follows a direction in May, wherein the regulator had allowed companies to file their offer documents at one of its four regional offices for public issues of up to Rs 500 crore, depending on the place where the issuer has its registered office. For offer sizes higher than Rs 500 crore, the documents need to be filed at the Sebi’s main office in Mumbai.

As per a May 3 circular from Sebi, companies based in Assam, Bihar, Manipur, Meghalaya, Nagaland, Orissa, West Bengal, Tripura, Arunachal Pradesh, Mizoram and Jharkhand can file the offer documents for issues of up to Rs 500 crore at the Kolkata office. In the circular issued on Wednesday, has added and the Union Territory of and Islands under the jurisdiction of its Eastern Regional Office.

This amendment will come into effect for all draft offer documents for issues that are filed with on or after August 27, the regulator said.

Earlier in October 2010, had increased the threshold limit from Rs 50 crore to Rs 100 crore for offer documents to be filed with its regional offices. The cap was further raised from Rs 100 crore to Rs 500 crore in May this year. PTI

RECOMMENDED FOR YOU

Sebi's Kolkata jurisdiction extended to include Sikkim, Andaman

Companies based in Sikkim and Andaman and Nicobar can now file the offer documents for public issues of up to Rs 500 crore at the Securities and Exchange Board of India (Sebi)’s eastern regional office in Kolkata, the market regulator said on Wednesday.

Companies based in and and can now file the offer documents for public issues of up to Rs 500 crore at the Securities and Exchange Board of India (Sebi)’s eastern regional office in Kolkata, the said on Wednesday.

The decision follows a direction in May, wherein the regulator had allowed companies to file their offer documents at one of its four regional offices for public issues of up to Rs 500 crore, depending on the place where the issuer has its registered office. For offer sizes higher than Rs 500 crore, the documents need to be filed at the Sebi’s main office in Mumbai.

As per a May 3 circular from Sebi, companies based in Assam, Bihar, Manipur, Meghalaya, Nagaland, Orissa, West Bengal, Tripura, Arunachal Pradesh, Mizoram and Jharkhand can file the offer documents for issues of up to Rs 500 crore at the Kolkata office. In the circular issued on Wednesday, has added and the Union Territory of and Islands under the jurisdiction of its Eastern Regional Office.

This amendment will come into effect for all draft offer documents for issues that are filed with on or after August 27, the regulator said.

Earlier in October 2010, had increased the threshold limit from Rs 50 crore to Rs 100 crore for offer documents to be filed with its regional offices. The cap was further raised from Rs 100 crore to Rs 500 crore in May this year. PTI

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard