SEBI extends Relaxations relating to Procedural matters [Read Circular]

The Securities Exchange Board of India (SEBI) has issued circular extending relaxations relating to procedural matter-Issues and Listing.

SEBI had granted one-time relaxations from strict enforcement of certain regulations of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, pertaining to Rights Issue opening on May 6, 2020, which was extended later. The relaxation has now been extended till September 30, 2021.

As per the mechanism and compliance requirements mentioned in the now extended circular: 

• Refund for un-allotted / partial allotted application shall be completed on or before T+1 day (T: Basis of allotment day).
• Registrar to the issue shall ensure that all data with respect to refund instructions is error-free to avoid any technical rejections. Further, in case of any technical rejection of refund instruction, the same shall be addressed promptly.

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