APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Chapter VIII RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Fast-track rights issue for IDRs enables streamlined filing when issuer meets compliance, review, governance and complaint-redress conditions. Regulation 226 permits a streamlined fast-track rights issue of Indian Depository Receipts when an issuer: is in material compliance for three years with ... Summary
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Fast-track rights issue for IDRs enables streamlined filing when issuer meets compliance, review, governance and complaint-redress conditions.
Regulation 226 permits a streamlined fast-track rights issue of Indian Depository Receipts when an issuer: is in material compliance for three years with deposit and listing agreements (certified); has had the offer document for the rights offering filed and reviewed by the home-country securities regulator; faces no pending show-cause or prosecution proceedings restricting market access for the issuer or key persons; and has redressed at least ninety-five percent of IDR holder complaints in the three months before filing. Satisfying these conditions allows the issuer to file the home-country offer document with the Board together with an addendum per Part C of Schedule VIII before stock exchange filing.
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