OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 41A - Other provisions relating to outstanding SR equity shares
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter IV OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES
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SR equity share voting rights limited; conversion and voting parity rules govern treatment, voting exceptions, and compulsory conversion events. SR equity shares are treated at par with ordinary equity shares except for voting; total voting rights of SR shareholders together with ordinary shares ... Summary
SR equity share voting rights limited; conversion and voting parity rules govern treatment, voting exceptions, and compulsory conversion events.
SR equity shares are treated at par with ordinary equity shares except for voting; total voting rights of SR shareholders together with ordinary shares upon listing shall not exceed seventy four per cent, and SR shares assume ordinary voting parity (one vote per share) in specified circumstances such as appointment/removal of independent directors or auditor, transfer of promoter control, related party transactions involving an SR shareholder, voluntary winding up, certain constitutional changes, insolvency resolution initiation, misuse of funds, material substantial value transactions, delisting or buy back special resolutions, and other Board specified situations.
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