Fast Track Rights Issue: eligibility requires continuous listing, market-capitalisation and trading thresholds, and enhanced compliance disclosures. Eligibility for a fast track rights issue requires meeting specified ownership, listing, market-capitalisation and trading-turnover thresholds, maintenance of promoter shareholding in dematerialised form, and sustained compliance with listing obligations. Issuers must redress investor complaints, avoid recent disciplinary suspension of trading, ensure no conflicts with lead managers, and have promoters subscribe to rights entitlements subject to limited renunciation. Disclosures are required where show-cause notices, prosecutions, settlements, or audit qualifications exist; average market capitalisation and the reference date for compliance are defined.
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.
Fast Track Rights Issue: eligibility requires continuous listing, market-capitalisation and trading thresholds, and enhanced compliance disclosures.
Eligibility for a fast track rights issue requires meeting specified ownership, listing, market-capitalisation and trading-turnover thresholds, maintenance of promoter shareholding in dematerialised form, and sustained compliance with listing obligations. Issuers must redress investor complaints, avoid recent disciplinary suspension of trading, ensure no conflicts with lead managers, and have promoters subscribe to rights entitlements subject to limited renunciation. Disclosures are required where show-cause notices, prosecutions, settlements, or audit qualifications exist; average market capitalisation and the reference date for compliance are defined.
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