INDEPENDENT PEER REVIEWED PRACTISING COMPANY SECRETARY CAN ALSO PROVIDE CERTIFICATE IN CASE OF ALLOTMENT OF SECURITIES TO MORE THAN 49 AND UP TO 200 INVESTORS IN A FINANCIAL YEAR
CFD/DIL3/CIR/P/2016/53
dated 3rd May 2016
issued by SEBI
dated 3rd May 2016
issued by SEBI
Offer of securities – Certification – Amendment to para 7 of circular dated 31st December, 2015 with regard to procedure to deal with cases prior to 1st April, 2014 involving offer/allotment of securities to more than 49 and up to 200 investors in a financial year.
1. SEBI, vide circular No. CIR/CFD/DIL3/18/2015 dated December 31, 2015, prescribed the procedure to deal with cases involving offer / allotment of securities to more than 49 and up to 200 persons.
2. Para 7 of the Circular provides for submission of a certificate from an independent peer reviewed practicing Chartered Accountant certifying compliance as prescribed in the circular.
3. It has now been decided that the certification as provided in Para 7 of the Circular dated December 31, 2015 may also be provided by an independent peer reviewed practicing Company Secretary.
The Stock Exchanges are advised to bring the provisions of this circular to the notice of listed entities and also to disseminate the same on their websites.
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