Chapter IV - OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES (From Regulation 15 to Regulation 48)
Chapter VA - CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES (From Regulation 62B to Regulation 62Q)
Chapter VI - OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTH (From Regulation 63 to Regulation 64)
Chapter VIA - FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING (From Regulation 64A to Regulation 64I)
Regulation 41A - Other provisions relating to outstanding SR equity shares
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter IV OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES
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SR equity share voting rights limited; conversion and voting parity rules govern treatment, voting exceptions, and compulsory conversion events. SR equity shares are treated at par with ordinary equity shares except for voting; total voting rights of SR shareholders together with ordinary shares upon listing shall not exceed seventy four per cent, and SR shares assume ordinary voting parity (one vote per share) in specified circumstances such as appointment/removal of independent directors or auditor, transfer of promoter control, related party transactions involving an SR shareholder, voluntary winding up, certain constitutional changes, insolvency resolution initiation, misuse of funds, material substantial value transactions, delisting or buy back special resolutions, and other Board specified situations.
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.
SR equity share voting rights limited; conversion and voting parity rules govern treatment, voting exceptions, and compulsory conversion events.
SR equity shares are treated at par with ordinary equity shares except for voting; total voting rights of SR shareholders together with ordinary shares upon listing shall not exceed seventy four per cent, and SR shares assume ordinary voting parity (one vote per share) in specified circumstances such as appointment/removal of independent directors or auditor, transfer of promoter control, related party transactions involving an SR shareholder, voluntary winding up, certain constitutional changes, insolvency resolution initiation, misuse of funds, material substantial value transactions, delisting or buy back special resolutions, and other Board specified situations.
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