Promoter transaction reporting: transactions and disclosed pre offer placements must be reported to exchanges within twenty four hours. Issuers must report all securities transactions by promoters and promoter group between filing of the draft offer document or offer document and issue closure to stock exchange(s) within twenty-four hours, and any pre-offer placement disclosed in the draft offer document (in part or in entirety) must likewise be reported to stock exchange(s) within twenty-four hours.
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.
Promoter transaction reporting: transactions and disclosed pre offer placements must be reported to exchanges within twenty four hours.
Issuers must report all securities transactions by promoters and promoter group between filing of the draft offer document or offer document and issue closure to stock exchange(s) within twenty-four hours, and any pre-offer placement disclosed in the draft offer document (in part or in entirety) must likewise be reported to stock exchange(s) within twenty-four hours.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.