On 5 May SEBI also notified the SEBI (Issue of Capital and Disclosure Requirements (Second Amendment) Regulations, 2015, to amend the 2009 regulations.
The amendment made to regulation 70 exempts from the scope of chapter VII of the regulations any preferential issue of equity shares subject to the following conditions:
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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich.
