Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XA RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Fast-track rights issue eligibility requires sustained compliance, home regulator review, no pending enforcement, and strong complaint redressal. Fast-track eligibility for a rights issue of IDRs requires the issuer to certify sustained compliance with deposit and listing obligations across jurisdictions, to have its rights offer document reviewed by its home securities regulator, to have no pending enforcement proceedings restricting market access, and to have achieved a high level of investor complaint redressal immediately prior to filing. If these conditions are met, the issuer may file the home-country offer document with the Board for record, accompanied by an addendum with specified disclosures, prior to filing with recognised stock exchanges.
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.
Fast-track rights issue eligibility requires sustained compliance, home regulator review, no pending enforcement, and strong complaint redressal.
Fast-track eligibility for a rights issue of IDRs requires the issuer to certify sustained compliance with deposit and listing obligations across jurisdictions, to have its rights offer document reviewed by its home securities regulator, to have no pending enforcement proceedings restricting market access, and to have achieved a high level of investor complaint redressal immediately prior to filing. If these conditions are met, the issuer may file the home-country offer document with the Board for record, accompanied by an addendum with specified disclosures, prior to filing with recognised stock exchanges.
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