Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Issuers Must Meet Conditions for Securities Offers; Restrictions on Defaulters and Fund Use Capped at 25% for Corporate Purposes.</h1> Issuers offering securities through public or rights issues must comply with specified conditions at the time of filing draft and final offer documents. Issuers, their promoters, or directors must not be barred from the capital market, and securities must be listed on recognized exchanges. Agreements for dematerialization and arrangements for financing 75% of the project, excluding the issue proceeds, are required. Warrants can accompany issues, with specific terms on tenure and pricing. The use of funds for general corporate purposes is capped at 25%. Public issues are prohibited if the issuer or its leaders are willful defaulters or in debt default.
TaxTMI 
TaxTMI 
