Variation of prospectus terms requires shareholder special resolution and mandated exit offer to dissenting shareholders. Variation of prospectus-disclosed contracts or objects is prohibited unless approved by a special resolution in general meeting, with prescribed notice published in English and vernacular newspapers stating justification; funds raised via prospectus cannot be used to deal in other listed companies' equity. Dissenting shareholders must receive an exit offer from promoters or controlling shareholders at an exit price and on terms to be specified by regulatory regulation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Variation of prospectus terms requires shareholder special resolution and mandated exit offer to dissenting shareholders.
Variation of prospectus-disclosed contracts or objects is prohibited unless approved by a special resolution in general meeting, with prescribed notice published in English and vernacular newspapers stating justification; funds raised via prospectus cannot be used to deal in other listed companies' equity. Dissenting shareholders must receive an exit offer from promoters or controlling shareholders at an exit price and on terms to be specified by regulatory regulation.
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