SEBI amends ICDR Regulations: Draft offer documents of public issues upto 100 crore to be filed with regional offices

SEBI vide circular CIR/CFD/DIL/9/2010 dated October 13, 2010 has mandated that draft offer documents in respect of public issues of size upto 100 crore should be filed with the concerned regional office of the SEBI under the jurisdiction of which the registered office of the issuer company falls. Earlier offer documents of issues upto 50 crore were filed with the concerned regional offices of SEBI. SEBI has now increased this limit from 50 crore to 100 crore. This circular comes into force with immediate effect.

A copy of the circular is available here.