Change in control: defines majority-interest threshold and scope for bodies corporate and others affecting underwriting registration. Regulation 2 provides operative definitions: the Act as the enabling statute, 'body corporate' per Companies Act meaning, 'certificate' as Board registration, and that undefined terms derive meaning from the Act. It defines 'issue' as an offer of securities, specifies 'principal officer' categories, and classifies an 'underwriter' and 'underwriting' as agreements to subscribe to securities when subscribers default. Change in control is defined by reference to control rules for listed corporates, as a change in controlling (majority) interest for other corporates, and as a change in legal formation or ownership for non-corporate entities.
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.
Change in control: defines majority-interest threshold and scope for bodies corporate and others affecting underwriting registration.
Regulation 2 provides operative definitions: the Act as the enabling statute, "body corporate" per Companies Act meaning, "certificate" as Board registration, and that undefined terms derive meaning from the Act. It defines "issue" as an offer of securities, specifies "principal officer" categories, and classifies an "underwriter" and "underwriting" as agreements to subscribe to securities when subscribers default. Change in control is defined by reference to control rules for listed corporates, as a change in controlling (majority) interest for other corporates, and as a change in legal formation or ownership for non-corporate entities.
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