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 disclosures: explanatory statement must identify UBOs, pricing undertakings, and include a compliance certificate. Regulation 163 mandates that the explanatory statement for a special resolution on a preferential issue disclose objects of the issue, maximum securities, ... Summary
Preferential issue disclosures: explanatory statement must identify UBOs, pricing undertakings, and include a compliance certificate.
Regulation 163 mandates that the explanatory statement for a special resolution on a preferential issue disclose objects of the issue, maximum securities, subscription intent of promoters/directors/senior management, pre- and post-issue shareholding, timeframe, identity of ultimate beneficial owners of proposed allottees (with limited exceptions), percentage of post-issue capital held by allottees and change in control, status of allottees as promoter/non-promoter, undertakings to re-compute price and lock-in obligations, and disclosures in Schedule VI where applicable; a practising company secretary's compliance certificate must be placed before the meeting and hosted online.
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