Report to SEBI for a specified exemption
The report an acquirer files with SEBI, with a fee, for the exemptions that require it, now filed through an online system.
Report to SEBI with fee
Counted from the acquisition made under a specified Reg 10 exemption
- SEBI
- Insider trading and takeovers
- Not specified
- 2026-09-01
Within 21 working days of the acquisition, with a fee of ₹1,50,000. SAST Reg 10(7) requires a report to SEBI for specified exemptions. Since 20 March 2025 the report is filed through an online filing system rather than physically, under circular SEBI/HO/CFD/CFD-RAC-DCR1/P/CIR/2025/0034, and the fee is paid by NEFT, RTGS or IMPS, or through the SEBI Payment Gateway.
The obligation has not changed but the route has. Since 20 March 2025 the Reg 10(7) report goes through SEBI's online filing system rather than being filed physically.
Deadlines counted from an event
Within 21 working days of the acquisition, file the report with SEBI in the prescribed form with a fee of ₹1,50,000. From 20 March 2025 the filing goes through SEBI's online filing system and the fee is paid by NEFT, RTGS or IMPS, or through the SEBI Payment Gateway.
The rule
Within 21 working days of the acquisition, file the report with SEBI in the prescribed form with a fee of ₹1,50,000. From 20 March 2025 the filing goes through SEBI's online filing system and the fee is paid by NEFT, RTGS or IMPS, or through the SEBI Payment Gateway.
Who must comply
- An acquirer relying on an exemption under Reg 10 that requires a report to SEBI
- Exemptions that require only the Reg 10(5) and Reg 10(6) exchange filings do not attract this report or the fee
Statutory basis
Before you file
- Identify the sub-regulation of Reg 10 that requires the report.
- Record the date the acquisition was completed.
- Prepare the report in the prescribed form.
- Arrange the ₹1,50,000 fee.
- Get access to SEBI's online filing system.
How to file
- Prepare the report in the prescribed form.
- Submit it through SEBI's online filing system.
- Pay the ₹1,50,000 fee by NEFT, RTGS or IMPS, or through the SEBI Payment Gateway.
- Do this within 21 working days of the acquisition.
- Keep the acknowledgement with the transaction file.
If you miss it
Section 15A(b) of the SEBI Act applies at ₹1 lakh for each day the failure continues, capped at ₹1 crore, since the report is one the regulations require within a specified time. Section 15HB is available at up to ₹1 crore. Because the exemption is conditional on the report, a failure can also be treated as an acquisition that required an open offer, which brings section 15H at ₹25 crore or three times the profit made.
- The fee is payable with the report, so a report filed without the fee is not a complete filing
- This report is in addition to the Reg 10(5) prior intimation and the Reg 10(6) exchange report, not a substitute for either
Common questions
Is the Reg 10(7) report still filed physically?
No. Circular SEBI/HO/CFD/CFD-RAC-DCR1/P/CIR/2025/0034 dated 20 March 2025 moved it to an online filing system, with the fee payable by NEFT, RTGS or IMPS or through the SEBI Payment Gateway.
How much is the fee?
₹1,50,000, payable with the report.