Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VI-A CONDITIONS AND MANNER OF PROVIDING EXIT OPPORTUNITY TO DISSENTING SHAREHOLDERS
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Exit offer to dissenting shareholders required when promoters alter company objects or vary prospectus contract terms. Where an issuer effects a change in its objects or varies the terms of a contract referred to in the prospectus, identifiable promoters or shareholders in control must make an exit offer to dissenting shareholders under the Companies Act provisions; the Chapter does not apply if there are no identifiable promoters or controlling shareholders.
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 offer to dissenting shareholders required when promoters alter company objects or vary prospectus contract terms.
Where an issuer effects a change in its objects or varies the terms of a contract referred to in the prospectus, identifiable promoters or shareholders in control must make an exit offer to dissenting shareholders under the Companies Act provisions; the Chapter does not apply if there are no identifiable promoters or controlling shareholders.
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