The Securities and Exchange Board of India (SEBI) on March 20, 2025, issued the notification regarding the Online Filing System for reports filed under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The following has been stated namely: -
• SEBI is introducing an online system for filing reports through the SEBI Intermediary Portal (SI Portal) at https://siportal.sebi.gov.in to ease the submission and processing of reports.
• The goal is to transition to an entirely online system by mid-2025 for streamlined compliance with the regulations.
• In the first phase, reports related to exemptions under Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of the Takeover Regulations will be filed through the SI Portal. Other exemptions under Regulation 10 will continue to be filed via email.
• Reports for the exemptions can be filed both via SI Portal and email in parallel until May 14, 2025.
• Starting May 15, 2025, only the SI Portal will be the accepted method for filing these reports
• The payment of fees in respect of these two reports shall be enabled through SI Portal from March 20, 2025 and the process of filing these two reports shall be complete only upon payment of fees through SI Portal.
• Payment of fees through the link available on SEBI website shall not be available in respect of these two reports.
This shall come into force on March 20, 2025.
[Notification No. SEBI/HO/CFD/DCR1/CIR/P/2025/0034]
