Securities and Exchange Board of India (SEBI) issued a circular regarding the filing process for reports under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Features and Timeline for the Transition
In the first phase of implementation, companies will continue to have the option to file reports both via email and through the SI Portal. This dual filing system will be in place until May 14, 2025, allowing stakeholders a grace period to transition to the new system.
From May 15, 2025, onwards, filing through the SI Portal will become the only accepted method for submitting reports under Regulation 10(7) for the specified exemptions. This shift to a fully online system will ensure a more streamlined and transparent process for all stakeholders involved.
Another important feature of the new system is the integration of fee payments within the SI Portal. As of the circular’s release, payments for the two reports covered under the new system will no longer be processed via the SEBI website’s payment link (https://eservices.sebi.gov.in/paymentmodule). Instead, all payments must be made directly through the SI Portal, and the filing process will only be considered complete once the fee payment is made through this platform.
Any queries or concerns related to filing reports or fee payments can be directed to the SI Portal helpdesk at +9122-2644-9364 or via email at portalhelp@sebi.gov.in.
The provisions of this circular shall come into effect from the date of this circular.
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