Offer For Sale announcement requirement: sellers must disclose intention at least one day before the OFS, ensuring market transparency. Promoters or sellers proposing an Offer For Sale must announce their intention at least on the day prior to the OFS, providing the prescribed information; all other OFS conditions in the earlier SEBI circulars remain in force. Stock exchanges are directed to inform brokers and publish the amendment. The circular is issued under Section 11(1) to protect investors and regulate the securities market.
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.
Offer For Sale announcement requirement: sellers must disclose intention at least one day before the OFS, ensuring market transparency.
Promoters or sellers proposing an Offer For Sale must announce their intention at least on the day prior to the OFS, providing the prescribed information; all other OFS conditions in the earlier SEBI circulars remain in force. Stock exchanges are directed to inform brokers and publish the amendment. The circular is issued under Section 11(1) to protect investors and regulate the securities market.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
