Important points:

1. An acquirer is required to submit a report along with supporting documents and non-refundable fee to SEBI in respect of any acquisition of or increase in voting rights pursuant to certain exemptions provided for in Regulation 10. [Regulation 10(7)]. As of now, these reports are submitted through email at cfddcr@sebi.gov.in.   

2. For facilitating ease of operations in terms of submission and processing of these reports, SEBI had decided to introduce an online system for filing of these reports through SEBI Intermediary Portal (SI Portal) at https://siportal.sebi.gov.in

3. Accordingly, in the first phase, it has been decided to enable filing of two reports under Regulation 10(7), in respect of exemptions provided for in Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of Takeover Regulations, through SI Portal. Filing of reports in respect of other exemptions provided for in Regulation 10 shall continue as per the existing system of filing, i.e., through email.

4. Reports under Regulation 10(7) in respect of exemptions provided for in Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of Takeover Regulations shall be filed as follows:

a)  Filing of reports through SI Portal in respect of exemptions provided for in Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of Takeover Regulations shall run in parallel with the existing system of filing these reports through email;

b)  The simultaneous filing of these reports through e-mail and SI Portal shall commence from the date of issuance of this circular and the same shall continue till May 14, 2025;

c)  With effect from May 15, 2025, only the online system for filing these reports through SI Portal shall be the permissible mode for compliance with aforesaid Regulations;

d) From the date of issuance of this circular, payment of fees in respect of these two reports shall be enabled through SI Portal and the process of filing these two reports shall be complete only upon payment of fees through SI Portal. Accordingly, payment of fees through the link available on SEBI website (https://eservices.sebi.gov.in/paymentmodule) shall not be available in respect of these two reports;

e) For any queries or clarifications regarding filing of these reports or related fees, Portal Helpline may be contacted at +9122-2644-9364 or portalhelp@sebi.gov.in.  

5. This circular shall be effective from  March 20, 2025