Qualified institutions placement limit: aggregate placements in a year capped by a multiple of issuer net worth. Regulation 89 limits the total amount an issuer may raise through a proposed qualified institutions placement together with all prior qualified institutions placements in the same financial year, capped at five times the issuer's net worth as per the audited balance sheet of the previous financial year.
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.
Qualified institutions placement limit: aggregate placements in a year capped by a multiple of issuer net worth.
Regulation 89 limits the total amount an issuer may raise through a proposed qualified institutions placement together with all prior qualified institutions placements in the same financial year, capped at five times the issuer's net worth as per the audited balance sheet of the previous financial year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
