SEBI Relaxation Right Issue

This year 2020 will go down in history for the pain, deaths, controversies and hardships it caused around the globe with the spread of coronavirus pandemic. The virus has instilled a fear in each of us like no other disease. We pray the virus vanishes from around the globe sooner than later never to return.

To lend a helping hand to Indian companies, the regulatory authorities have been doling out many relaxations, waivers and extensions from compliance of regulatory requirements.

One such recent relief is relaxation for Rights Issues during this calendar year and to close on or before March 31, 2021. SEBI has relaxed the eligibility norms for fast track issues, brought down minimum subscription and in certain circumstances (other than for issue of warrants) dispensed with the need to file a letter of offer.