Foreign Currency Exchangeable Bonds compliance requires corporate approvals, securities disclosures, and encumbrance-free offered shares until exchange. Issuance of Foreign Currency Exchangeable Bonds requires the Issuing Company to obtain requisite corporate approvals under the Companies Act and Board approval of the Offered Company for the proposal, and to comply with securities law disclosure obligations regarding shareholding. The Issuing Company must not transfer, mortgage, pledge, use as collateral, trade, or permit encumbrances on the offered shares from issuance until exchange or redemption.
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.
Foreign Currency Exchangeable Bonds compliance requires corporate approvals, securities disclosures, and encumbrance-free offered shares until exchange.
Issuance of Foreign Currency Exchangeable Bonds requires the Issuing Company to obtain requisite corporate approvals under the Companies Act and Board approval of the Offered Company for the proposal, and to comply with securities law disclosure obligations regarding shareholding. The Issuing Company must not transfer, mortgage, pledge, use as collateral, trade, or permit encumbrances on the offered shares from issuance until exchange or redemption.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
