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          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.

          <h1>Promoters' contribution requirement must be secured pre-issue and held in escrow; convertible securities treatment and pricing rules specified.</h1> Minimum promoters' contribution requires promoters to subscribe a prescribed portion of the issue either in equity or by subscribing to convertible securities; if conversion price or post-conversion equity price is not pre-determined and disclosed, contribution must be by subscription to the convertible securities with a written undertaking to subscribe on conversion. Where conversion price is pre-determined, promoter equity contribution must not be at a price below the weighted average price on conversion; promoters must satisfy contribution before the issue opens and keep contribution proceeds in an escrow account until issue proceeds are released.

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