Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VI-A CONDITIONS AND MANNER OF PROVIDING EXIT OPPORTUNITY TO DISSENTING SHAREHOLDERS
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Exit offer to dissenting shareholders required when promoters alter company objects or vary prospectus contract terms. Where an issuer effects a change in its objects or varies the terms of a contract referred to in the prospectus, identifiable promoters or shareholders in ... Summary
Exit offer to dissenting shareholders required when promoters alter company objects or vary prospectus contract terms.
Where an issuer effects a change in its objects or varies the terms of a contract referred to in the prospectus, identifiable promoters or shareholders in control must make an exit offer to dissenting shareholders under the Companies Act provisions; the Chapter does not apply if there are no identifiable promoters or controlling shareholders.
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