Relevant date defines when issuers may open allotment for equity or convertible securities in qualified institutions placement. The Chapter defines eligible securities for Qualified Institutions Placement to include equity shares, non-convertible debt instruments with warrants, and convertible securities excluding warrants. It also defines the relevant date: for equity allotment, the date of the board (or authorized committee) meeting deciding to open the issue; for convertible securities, either the meeting date authorizing the convertible issue or the date holders become entitled to apply for equity.
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.
Relevant date defines when issuers may open allotment for equity or convertible securities in qualified institutions placement.
The Chapter defines eligible securities for Qualified Institutions Placement to include equity shares, non-convertible debt instruments with warrants, and convertible securities excluding warrants. It also defines the relevant date: for equity allotment, the date of the board (or authorized committee) meeting deciding to open the issue; for convertible securities, either the meeting date authorizing the convertible issue or the date holders become entitled to apply for equity.
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