SEBI/HO/CFD/PoD -1/P/CIR/2024/0154 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

MASTER CIRCULAR SEBI/HO/CFD/PoD -1/P/CIR/2024/0154 November 11, 2024 To Registered Merchant Bankers Recognized Stock Exchanges Depositories and Registered Depository Participants Registered Registrars to an Issue and Share Transfer agents Registered Stock Brokers Registered Credit Rating Agencies Bankers to an Issue (Self-Certified Syndicate Banks) Sponsor Banks All Listed Entities/ Proposed to be listed Entities National Payment Corporation of India (NPCI) Dear Sir / Madam, Subject: Master Circular for Issue of Capital and Disclosure Requirements The Securities and Exchange Board of India ( " SEBI " or " the Board " ) has been, from time to time, issuing various circulars/directions under the relevant provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations"). In order to enable the stakeholders to have access to all such circulars at one place, SEBI had issued a Master Circular dated June 21, 2023 by consolidating all relevant circulars issued till June 21, 2023. Subsequently, SEBI had issued new circulars on provisions relating to the ICDR Regulations. In view of the same, the Master Circular dated June 21, 2023 has been updated to include all relevant circulars that were issued on / before September 30 , 2024. The instant master circular supersedes the Master Circular dated June 21, 2023 for ICDR Regulations. The Master Circular provides a chapter-wise framework for compliance with various obligations under the ICDR Regulations. For ease of reference, each chapter of this circular contains footnotes corresponding to the respective circulars . With the issuance of this Master Circular, all directions/instructions contained in the circulars listed out in the Appendix to this Master Cir