Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Chapter VIII RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Fast-track rights issue for IDRs enables streamlined filing when issuer meets compliance, review, governance and complaint-redress conditions. Regulation 226 permits a streamlined fast-track rights issue of Indian Depository Receipts when an issuer: is in material compliance for three years with deposit and listing agreements (certified); has had the offer document for the rights offering filed and reviewed by the home-country securities regulator; faces no pending show-cause or prosecution proceedings restricting market access for the issuer or key persons; and has redressed at least ninety-five percent of IDR holder complaints in the three months before filing. Satisfying these conditions allows the issuer to file the home-country offer document with the Board together with an addendum per Part C of Schedule VIII before stock exchange filing.
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 for IDRs enables streamlined filing when issuer meets compliance, review, governance and complaint-redress conditions.
Regulation 226 permits a streamlined fast-track rights issue of Indian Depository Receipts when an issuer: is in material compliance for three years with deposit and listing agreements (certified); has had the offer document for the rights offering filed and reviewed by the home-country securities regulator; faces no pending show-cause or prosecution proceedings restricting market access for the issuer or key persons; and has redressed at least ninety-five percent of IDR holder complaints in the three months before filing. Satisfying these conditions allows the issuer to file the home-country offer document with the Board together with an addendum per Part C of Schedule VIII before stock exchange filing.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
