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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Requires Exit Offers for Dissenting Shareholders When Key Conditions Are Met, Per Amendment Effective February 17, 2016.</h1> The Securities and Exchange Board of India (SEBI) mandates that promoters or controlling shareholders must provide an exit offer to dissenting shareholders under certain conditions. These conditions include the public issue opening after April 1, 2014, at least ten percent of shareholders dissenting on a proposal for change in objects or contract terms mentioned in the prospectus, and less than seventy-five percent of the raised amount being used for the stated objectives in the prospectus. These provisions were introduced through an amendment effective from February 17, 2016.
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