ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Bonus issue timing: issuers must implement announced bonus issues promptly and cannot withdraw once announced. Regulation 95 requires issuers to implement board-approved bonus issues within fifteen days if shareholder approval for capitalisation is not required; if ... Summary
Bonus issue timing: issuers must implement announced bonus issues promptly and cannot withdraw once announced.
Regulation 95 requires issuers to implement board-approved bonus issues within fifteen days if shareholder approval for capitalisation is not required; if shareholder approval is required, implementation must occur within two months from the board meeting date at which the decision was taken, subject to that approval. Once announced, a bonus issue cannot be withdrawn.
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