ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Preferential issue conditions: issuers must secure shareholder special resolution and in principle approval while ensuring dematerialisation and PAN compliance. A listed issuer proposing a preferential issue must ensure allotted equity shares are fully paid up, shareholders pass a special resolution, proposed ... Summary
Preferential issue conditions: issuers must secure shareholder special resolution and in principle approval while ensuring dematerialisation and PAN compliance.
A listed issuer proposing a preferential issue must ensure allotted equity shares are fully paid up, shareholders pass a special resolution, proposed allottees' existing equity shares are dematerialised before seeking in-principle approval, continuous listing obligations are met, and Permanent Account Numbers of proposed allottees are obtained except where exempt. The issuer must apply for in-principle approval to the stock exchange(s) on the same day the notice for the general meeting seeking the special resolution is sent.
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