ISSUE REQUIREMENTS FOR PUBLIC ISSUES - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
ISSUE REQUIREMENTS FOR PUBLIC ISSUES - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
Regulatory directions: board may order refunds, restrict market access and freeze transfers to protect investors. Regulation 25 empowers the Board to issue directions to protect securities market investors, including refunds of application monies, restrictions on ... Summary
Regulatory directions: board may order refunds, restrict market access and freeze transfers to protect investors.
Regulation 25 empowers the Board to issue directions to protect securities market investors, including refunds of application monies, restrictions on dealing and market access, restraints on further issuances, orders for sale or divestment, and refusals or freezes on transfers; it also requires the Board to give affected persons an opportunity to be heard, while permitting ex parte directions followed by post decisional hearings where necessary.
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