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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Green Shoe Option Rules: Regulation 57 Guides Price Stabilization, Requires Shareholder Approval, and Daily Reporting by Stabilizing Agents.</h1> Regulation 57 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, outlines the use of a green shoe option for price stabilization after listing securities. An issuer must be authorized by shareholders to allocate securities to a stabilizing agent, who is responsible for the process. Agreements must be in place with terms and conditions, including securities borrowing from promoters or shareholders. The stabilization can last up to 30 days, with securities bought returned promptly. Any shortfall is covered by issuing more securities. Funds are managed through special accounts, with remaining funds transferred to the Investor Protection and Education Fund. The stabilizing agent must report daily and maintain records for three years.
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