Allotment within fifteen days requirement for preferential issues, subject to regulatory approvals and dematerialisation and fresh-resolution rule. Allotment for preferential issues must be completed within fifteen days of the special resolution, but the period is tolled until orders or approvals for exemptions or regulatory permissions are received, or as prescribed where the Board grants relaxation; corporate debt restructuring allotments are exempt. Failure to allot within fifteen days requires a fresh special resolution, resetting the relevant date for pricing. Preferential allotments attracting open offer obligations follow timelines linked to the expiry of the offer period or receipt of statutory approvals. Allotments must be made only in dematerialised form, including on exercise or conversion.
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.
Allotment within fifteen days requirement for preferential issues, subject to regulatory approvals and dematerialisation and fresh-resolution rule.
Allotment for preferential issues must be completed within fifteen days of the special resolution, but the period is tolled until orders or approvals for exemptions or regulatory permissions are received, or as prescribed where the Board grants relaxation; corporate debt restructuring allotments are exempt. Failure to allot within fifteen days requires a fresh special resolution, resetting the relevant date for pricing. Preferential allotments attracting open offer obligations follow timelines linked to the expiry of the offer period or receipt of statutory approvals. Allotments must be made only in dematerialised form, including on exercise or conversion.
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