SEBI--ICDR Regulations
Recent Amendments in SEBI (ICDR) Regulations
CA. Deepak Harwani
In the present article the learned author discusses about the recent Amendment notification issued by The Securities and Exchange Board of India, 'SEBI ICDR (Amendments) 2025', The notification includes the amendments brought in different provisions of SEBI (ICDR) Regulations, including the provisions where alignment is made in respect of timelines and locking period with SEBI LODR Regulations.
1. Introduction
In order to facilitate ease of doing business for the listed entities and simplify and reduce the compliance cost under SEBI Regulations, the Expert Committee has sought suggestions and comments from various regulated and public entities and on the basics of their recommendations, published a detailed report harmonizing the provisions of SEBI ICDR Regulations, 2018, SEBI LODR Regulations, 2015 and other SEBI Regulations on March 8, 2025 named as 'SEBI (ICDR) Amendments 2025'. Some of the major amendments along with their pre and post impact has been explained below-:
2. Recent Amendment
(i) Public announcement to be made in DRHP filing
Earlier, the issuers were facing difficulty in order to ensure that DRHP filing is published in all newspapers within two days, in the case of public holiday comes between those days. The amendment was made and ' two days' were replaced with the term ' two working days'.