No more EDIFAR...File it thru corpfiling SEBI says

SEBI amended DIP Guidelines and Listing Agreement yesterday.The Major changes made are-:

1) The report of the monitoring agency to filed with the Issuer Company instead of SEBI in case of Public or Rights Issue beyond Rs.500 Crs;
2) Those repot has to be placed before the Audit Committee;
3) Material deviations, If any, mentioned in the Monitoring Report shall be disseminated by the Company to the Stock Exchange and to be given as advertisements in the Newspapers;
4) Clause 43 and 51 were amended and Clause 43A and 52 were added to the Equity Listing Agreement, so as to make all the filings made by the Listed company only through the portal Corporate Filing and Dissemination System (CFDS) at the URL http://www.corpfiling.co.in/. (Jointly promoted by BSE and NSE) as SEBI is planning Phase out EDIFAR.

Read more at http://www.sebi.gov.in/Index.jsp?contentDisp=WhatsNewScroll&FilePath=/press/2007/3232007.html.........

SEBI Circular in http://www.sebi.gov.in/circulars/2007/CIR-CFD4-2007.pdf