SEBI amends NCS norms, reduces draft offer document review period to 5 days
Editorial Note : SEBI has notified the SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2024. An amendment has been made to Regulation 27 relating to ‘filing of draft offer document’. As per amended norms, the draft offer document filed with stock exchange must now be made public by posting on website of stock exchanges for seeking public comments for a period of 5 working days from date of filing draft offer document. Earlier, the period was 7 working days.