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 ... Summary
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.
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