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
Preferential issue exemptions: Chapter provisions do not apply to debt conversions, restructuring schemes, or qualified placements. The regulation specifies exemptions from Chapter V preferential issue rules for conversions of debt, court- or tribunal-approved restructuring schemes, ... Summary
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Preferential issue exemptions: Chapter provisions do not apply to debt conversions, restructuring schemes, or qualified placements.
The regulation specifies exemptions from Chapter V preferential issue rules for conversions of debt, court- or tribunal-approved restructuring schemes, and qualified institutional placements, while preserving certain pricing and lock-in obligations. It exempts securities allotted to specified financial institutions from pricing and lock-in, permits Board relaxations where adequate explanatory disclosures about allottees are made, and sets conditions for lender allotments under debt restructuring, including RBI-guided conversion pricing, independent valuer certification, a one-year lock-in with transferable control subject to continued lock-in, lock-in adjustments for prior locks, and compliance with company law including special resolution requirements.
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