Exit conditions for issuers on innovators growth platform require shareholder special resolution and stock exchange approval. Issuers whose specified securities trade on the innovators growth platform may exit if shareholders pass a special resolution via postal ballot with the required supermajority and majority of non-promoter votes in favor, and the recognised stock exchange where the shares are listed approves the exit.
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.
Exit conditions for issuers on innovators growth platform require shareholder special resolution and stock exchange approval.
Issuers whose specified securities trade on the innovators growth platform may exit if shareholders pass a special resolution via postal ballot with the required supermajority and majority of non-promoter votes in favor, and the recognised stock exchange where the shares are listed approves the exit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.