Business Standard

Sebi's Kolkata jurisdiction extended to include Sikkim, Andaman

Related News

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 ()’s eastern regional office in Kolkata, the said on Wednesday.

The decision follows a Sebi 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, Sebi has added Sikkim and the Union Territory of Andaman and Nicobar 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 Sebi on or after August 27, the regulator said.

Earlier in October 2010, Sebi 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

Read more on:   
|
|
|
|
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Quick Links

 

Market News

Sebi revises norms for liquidity enhancement schemes

Exchanges can provide trading incentives for three years

Slow start for VIX futures

High costs, lot size said to be impediments

Traders trim positions ahead of poll results

Rollovers decline; open interest drops

Sebi's Draft Fatca norms: Greater scrutiny ahead for high-value US a/cs

Individual accounts with holdings of more than $1 mn will come under greater scrutiny; those with balances less than $50,000 will be exempt from ...

Cairn India puts up a good show

Medium-term prospects remain good, but company faces challenges on the production front

Back to Top