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.
Going forward, I will be writing blog posts on various interesting topics concerning the compliances to be undertaken by companies in India (under the Companies Act, 2013, SEBI/RBI rules/regulations etc.). I will analyze these topics mostly in the context of practical implications/issues faced by companies while undertaking such compliances.
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