• IND SEBI introduced online filing system for reports filed under regulation 10(7) of SEBI (substantial acquisition of shares and takeovers) regulations, 2011.
• Follows IND SEBI February 2023 issued master circular on procedures, formats.

IND SEBI Intermediary Portal

• IND SEBI explained that regulation 10 above requires an acquirer to submit a report along with supporting documents and non-refundable fee to IND SEBI regarding any acquisition of or increase in voting rights pursuant to certain exemptions provided.
• Due to this, IND SEBI introduced SEBI intermediary portal (SI portal) for filing same.
• SI portal enables filing of two reports under regulation 10(7), re exemptions provided for in regulation 10(1)(a)(i) and 10(1)(a)(ii); and filing of reports re other exemptions provided for in reg 10 shall continue as per existing system of filing, i.e. through email.

Transitional Arrangements

• The two reports shall be submitted via SI portal and email until 14 May 2025.
• These reports shall be only submitted through SI portal effective from 14 May 2025.
• The related fees shall be paid through the SI portal with immediately effect.

Effectiveness

• The circular is effective from 20 March 2025.