Definition of initial offer expanded to reference SEBI REIT and InvIT rules and to cover certain sales of trust units. Amendment adds a new clause defining initial offer by reference to SEBI REIT and SEBI InvIT regulations and inserts a sub-clause covering sale of unlisted business trust units acquired under an income-tax transfer provision when offered for sale in an initial offer and later listed on a recognised stock exchange.
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.
Definition of initial offer expanded to reference SEBI REIT and InvIT rules and to cover certain sales of trust units.
Amendment adds a new clause defining initial offer by reference to SEBI REIT and SEBI InvIT regulations and inserts a sub-clause covering sale of unlisted business trust units acquired under an income-tax transfer provision when offered for sale in an initial offer and later listed on a recognised stock exchange.
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