POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Exit offer requirement for dissenting shareholders when objects change or contract terms vary; promoters must provide mechanism. Promoters or shareholders in control must provide an exit offer to dissenting shareholders under the Companies Act when there is a change in the issuer's ... Summary
Exit offer requirement for dissenting shareholders when objects change or contract terms vary; promoters must provide mechanism.
Promoters or shareholders in control must provide an exit offer to dissenting shareholders under the Companies Act when there is a change in the issuer's objects or variation in contract terms related to the objects disclosed in the offer document, in the conditions and manner provided in Schedule XX; the obligation does not apply where there are neither identifiable promoters nor shareholders in control.
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