Scope of offer regulation expanded to include initial offers and sales of unlisted securities under appointed lead merchant bankers. The amendment adds initial offer alongside initial public offer and substitutes the terminal phrase to cover, during the financial year, sales to a mutual fund or sales of unlisted shares or unlisted business trust units made under an initial public offer or initial offer, in respect of which a lead merchant banker is appointed.
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.
Scope of offer regulation expanded to include initial offers and sales of unlisted securities under appointed lead merchant bankers.
The amendment adds initial offer alongside initial public offer and substitutes the terminal phrase to cover, during the financial year, sales to a mutual fund or sales of unlisted shares or unlisted business trust units made under an initial public offer or initial offer, in respect of which a lead merchant banker is appointed.
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