SEBI relaxed and welcomed short track rights issues generating capital on the stock market until 31 March 2021.

COVID-19: SEBI Relaxes Regulatory Provisions for Rights, Public ...

Steps to further promote the collection of funds from capital markets in the light of the COVID-19 disease outbreak

In the face of the threats to the Indian economy emerging from the Covid-19 pandemic and with a view to enhancing access to corporate finance through capital markets, SEBI has agreed to offer some temporary relief from regulatory obligations related to rights / public concerns to listed entities.

Right Issues

Fast Track Rights issuances

SEBI has relaxed the following requirements in order to broaden the scope of mentioned organizations for the benefit of fast track rights issues:

1) The qualification requirement for the total market capitalization of the public shareholding of INR 250 crores has been lowered to INR 100 crores.

(2) The requirement relating to the period of listing of the shares of the issuer for at least three years has been reduced to a listing of only eighteen months.

3) The provision relating to no audit credentials in the audited reports of the issuer has been replaced by the obligation to report the effect of the audit credentials on the financial statements of the issuer.

4) Some other requirements of registration with respect to the time of compliance with the terms of the listing regulations, the pending proceedings were taken by SEBI against the issuer/promoter/director, and the enforcement of the violation of the securities laws have now been relaxed.

Minimum Subscription

For order to have more consistency for collecting funds, the threshold for minimum subscription thresholds for rights issues has been reduced from the current 90 percent to 75 percent of the bid value, subject to some limitations.

The threshold for failing to apply a request for a letter of a bid to SEBI

In order to minimize the time involved in raising funds and to simplify compliance requirements, identified organizations collecting funds up to INR 25 crores in rights issues would not be required to request a draft bid paper.

The official requirement for this is INR 10 crores. Such relaxations shall extend to the correct problems which are accessed on or before 31 March 2021. It can be recalled that SEBI revised the ICDR Regulations last year in order to substantially shorten the timeline for the resolution of the T+ 55-day rights question to T+ 31 days and to implement the dematerialization and exchange of rights entitlements. Such steps will make the system for rights more functional and successful.

Flexibility on Issue size

An issuer whose offer document is awaiting receipt of SEBI observations may increase or decrease the size of the fresh issue by up to 50 per cent of the expected issue size (instead of the existing limit of 20 per cent) without allowing the Board to send a fresh draft offer document. Relaxation shall extend to all tender contracts awaiting receipt of SEBI findings by 31 December 2020.

Validity of the findings of SEBI

Having respect to the current economic scenario and on the basis of demands from different industrial bodies, It has been agreed that SEBI ‘s observations on all public issues / rights issues will be extended by six months from the date of expiry for issuers whose observations have expired / expired between 1 March 2020 and 30 September 2020.

To sum up, these steps are aimed at widening the number of listed organisations that are entitled to collect funds by fast track privileges, minimizing the time required and ensuring more flexibility in raising funds rather than relaxing regulatory conditions.

Circulars released by SEBI in respect of the measure referred to above are accessible on the SEBI website at http:/ under the category-‘Legal-Circulars’. Mumbai 21 April 2020




11 Tested Marketing Strategies for Outstanding Business Growth

  1. TRACK HOW YOU ACTUALLY SPEND YOUR TIME: If your day seems to be passing by too quickly, try to build a list of your everyday activities. When you see where you invest your time, you can recognize and concentrate on things that deliver the greatest personal and financial returns for you. Start recording by writing down the time you wake up, get ready and start work. Calculate how much time you spend on individual things such as email, social media, television, telephone calls, and client/office jobs. In your settings, you can use the Smartphone app to track your online activities.
  2. CALCULATE WHY YOUR DAY IS WORTH: Time is time. Knowing how much your time is really worth will help you make better choices about whether to do or outsource a job. It’s easy to calculate; simply divide your annual income by the number of hours you currently spend on daily income generation activities. This will say your present Hourly Time Value.
  3. CREATE A DAILY SCHEDULE: Do not begin your day without a list to do. Create a list of tasks and categorize them into activities related to company development, client activities, income-generating activities, and personal objects. Then break up larger, unmanageable projects into smaller “doable” chunks so that they are less intimidating and easier to achieve. Create this list to remain concentrated and prepared one day before.
  4. PRIORITIZE: Is there more to do in the day than hours? Through prioritizing your activities, you can ensure you address the things that matter most. Build a framework which will work for you. A typical way to give priority is to label objects with A, B , and C.
  • Put these main questions to yourself:
  • What items would need to be done today?
  • What events should be rescheduled?
  • What can you delegate?
  • Which tasks fit my priorities and targets most closely?
  • What things are removable?
  1. LEARN TO SAY NO: Are you adding yet another thing to your endless TO DO list? You have the power over your time. Be strong, and maintain your own personal boundaries. When you’re well prepared and continue to treat yourself and the entire family to the time off you deserve when it’s time to get back to actually work you’ll feel happier and more successful.
  • Tell yourself these questions before you say Yes:
  • Would you have the time or resources to do this extra job, really?
  • Do I like the client? Could they be good for me?
  • Does it make a profit?
  • Is it intruding on your personal time?
  • Does it involve something that you enjoy doing?
  • Will this match in with your goals and objectives list?
  1. Delete DISTRACTIONS AND TIME SUCKS: Time sucks because viruses lurk everywhere. Think about what your time is eating up on activities. Such things include email , phone calls, unwelcome whatsapp groups, never ending e-meetings, binge watching, and telemarketers for me personally. I ‘conquer’ the demon email by turning off my Outlook or Gmail while I’m working. When a family member calls in during working hours, I politely ask if I can call them back in the afternoon and remind them of my working hours. Caller ID valiantly saves me from the telemarketer time thefts “should” be. I can easily identify telemarketers from valuable consumer calls with a single glance. 7. STICK TO THE PLAN: Try not to get your strategy sidetracked. One of my friends has a slogan, “Failure to plan for you is not an emergency for me.” It’s a nice way to live by. Unless it’s a real emergency, or you’re paying “rush” time, today you probably don’t have to push a last-minute order. You will also stay on top of assignments by setting yourself project deadlines and avoiding those dreaded last-minute emergencies.
  2. CHOOSE AN INSPIRING PLACE AND TIME: We all have different “buildings.” Do the things that take your “brain-power” most when you’re at your best.Are you a person in the morning, or do you best burn the oils at midnight? Build a safe, distraction free, and motivating ultimate haven of work.
  3. Create your Digital Resources that work for you: try to automate your activities using productivity tools, effective use of list creation, automating follow-ups, using CRM, shortening communication time with your staff, design routine and copy-paste items as you work through your regular list. Develop standard catalogues, kit tools for sales, presentations, etc.
  4. STOP INTERRUPTIONS: It can be maddening to try to do the same thing over and over with interruptions. Seek to finish it off to the end once you start a mission.If something comes up you need to recall or do, just add it to your list and continue with your current project unless it’s urgent.
  5. BE ORGANIZED: This saves you time when things are orderly, so it frees you to concentrate on the job at hand. The job environment is not really conducive to searching through a pile of papers and discovering a squished Twinkie. Follow your own form of organisation.

12. PHONE LISTS: I organize my phone lists into classes, for example, according to how I use them: friends, relatives, employers, partners, doctors, playmates for my children, etc.

13. ONE GOOGLE CALENDAR FITS ALL: it can be incredibly difficult to keep track of job schedules, e-meetings, and committee meetings. My trick to holding family and job commitments top is to schedule all of them on one Google calendar.

14. DAYTIMER SPECIAL SECTION: Build a special section of your Daytimer for babies, hobbies or special interests. Create a list of 5 people you will call every day to remain linked to your family and friends in this tough time of lockdown Covid19.

Conclusion:                                                                                           Why wait for your life, company, career or profession to be productive when you can schedule it literally! You can accomplish much more with less effort by mastering the time. Pick how you’re spending or I’d say you ‘re wasting your money. Reflect on the # DigitalAsset building activities that suit your priorities most closely. You’ll achieve an abundance of prosperity and satisfaction by taking the time to track, calculate, and control your time.

#RJA #covid19 #fightingcoronavirus #economicrecovery #economicimpact #businessimpact #staysafe #businessvalue #growthstrategy