Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Chapter VIII RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Issue-related advertisement requirement: rights-issue issuers must disclose application procedures and permit plain-paper applications for IDR holders. Issuers making a rights issue of Indian Depository Receipts must publish an issue-related advertisement disclosing the dispatch date of abridged letters of offer and application forms; centres offering duplicate forms; that eligible IDR holders may apply on plain paper when forms are not received or obtainable; a prescribed plain-paper format with required particulars; that applications may be sent by Speed Post with registration to the issuer's designated official; and that duplicate plain-paper and application-form submissions may be rejected at the issuer's option. The advertisement must run in specified national and regional newspapers at least three days before the issue opens.
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.
Issue-related advertisement requirement: rights-issue issuers must disclose application procedures and permit plain-paper applications for IDR holders.
Issuers making a rights issue of Indian Depository Receipts must publish an issue-related advertisement disclosing the dispatch date of abridged letters of offer and application forms; centres offering duplicate forms; that eligible IDR holders may apply on plain paper when forms are not received or obtainable; a prescribed plain-paper format with required particulars; that applications may be sent by Speed Post with registration to the issuer's designated official; and that duplicate plain-paper and application-form submissions may be rejected at the issuer's option. The advertisement must run in specified national and regional newspapers at least three days before the issue opens.
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