Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>SME Exchange Issuers Can Migrate to Main Board with Shareholder Approval: Special Resolution & Eligibility Criteria Required.</h1> An issuer with specified securities listed on a SME Exchange, possessing a post-issue paid-up capital between ten crore and twenty-five crore rupees, may migrate to the main board of stock exchanges. This migration requires shareholder approval through a special resolution via postal ballot, contingent on meeting eligibility criteria set by the Main Board. The resolution is valid only if the votes in favor from non-promoter shareholders are at least double those against.
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