The Securities and Exchange Board of India (SEBI) on February 02, 2024, issued an addendum to the Consultation Paper on Interim Recommendations of the Expert Committee for facilitating ease of doing business and harmonization of the provisions of ICDR and LODR Regulations.
The following has been stated: -
•The Expert Committee has given an additional recommendation on ease of doing business under the ICDR Regulations on ‘Review of the requirement of 1% security deposit in public/rights issue of equity shares as prescribed under the ICDR Regulations The recommendations are placed as Annexure to this Addendum.
•The comments/suggestions on the Consultation Paper and the Addendum should be given by February 09, 2024.
URL: https://www.sebi.gov.in/reports-and-statistics/reports/jan-2024/consultation-paper-on-interim-recommendations-of-the-expert-committee-for-facilitating-ease-of-doing-business-and-harmonization-of-the-provisions-of-icdr-and-lodr-regulations_80585.html
The detailed notification is given in the document attached below.
