Regulation 24 - Alteration of rights of holders of specified securities
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter II COMMON CONDITIONS FOR PUBLIC ISSUES AND RIGHTS ISSUES
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Alteration of rights of specified securities requires holder consent or a sanctioned special resolution to prevent adverse changes. Alteration of terms of specified securities that adversely affect holders of that class is prohibited except with either the written consent of holders representing not less than three-fourths of that class or the sanction of a special resolution passed at a meeting of those holders.
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.
Alteration of rights of specified securities requires holder consent or a sanctioned special resolution to prevent adverse changes.
Alteration of terms of specified securities that adversely affect holders of that class is prohibited except with either the written consent of holders representing not less than three-fourths of that class or the sanction of a special resolution passed at a meeting of those holders.
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