Variation of prospectus terms requires shareholder special resolution and exit offer by promoters at regulator specified price and procedure. A company may vary prospectus referenced contract terms or objects only by company general meeting through a special resolution, with prescribed shareholder notice published in one English and one vernacular newspaper, and may not use prospectus proceeds to trade in other listed equity; dissenting shareholders must receive an exit offer from promoters or controlling shareholders at an exit price and on terms specified by the securities regulator.
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 exit offer by promoters at regulator specified price and procedure.
A company may vary prospectus referenced contract terms or objects only by company general meeting through a special resolution, with prescribed shareholder notice published in one English and one vernacular newspaper, and may not use prospectus proceeds to trade in other listed equity; dissenting shareholders must receive an exit offer from promoters or controlling shareholders at an exit price and on terms specified by the securities regulator.
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