Share notice dispatch requirements clarified to mandate proof-of-delivery methods and link valuation to Chapter III compliance. The amendment requires valuation to be obtained from a registered valuer in compliance with the applicable provisions of Chapter III and any other prescribed conditions, and it prescribes that the shareholder notice for an issue must be dispatched by registered post, speed post, electronic mode, courier or any other mode providing proof of delivery to all existing shareholders a minimum period before the opening of the issue.
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.
Share notice dispatch requirements clarified to mandate proof-of-delivery methods and link valuation to Chapter III compliance.
The amendment requires valuation to be obtained from a registered valuer in compliance with the applicable provisions of Chapter III and any other prescribed conditions, and it prescribes that the shareholder notice for an issue must be dispatched by registered post, speed post, electronic mode, courier or any other mode providing proof of delivery to all existing shareholders a minimum period before the opening of the issue.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
