Under regulation 301(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which earlier instrument stood rescinded on their commencement?
Question and options
Under regulation 301(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which earlier instrument stood rescinded on their commencement?
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
SEBI (Prohibition of Insider Trading) Regulations, 1992
SEBI (Delisting of Securities) Guidelines, 2003
Answer and explanation
Regulation 301(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 rescinds the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 on the commencement of the 2018 Regulations, and regulation 301(2) saves things done under them. The takeover, insider-trading and delisting instruments listed cover other subjects and were replaced by their own later regulations, not by the 2018 ICDR Regulations.
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Delhi Judicial Services
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