Board meeting notice requirement: companies must notify the stock exchange in advance of meetings to fix issue price for fixed price FPOs. Amendment to clause 19 of the equity listing agreement inserts a sub clause requiring that where a further public offer is to be made through the fixed price route, the company shall notify the stock exchange at least 48 hours in advance of the proposed Board of Directors meeting convened for determination of issue price; the change incorporates provisions previously in rescinded guidelines and aligns with the ICDR Regulations governing issue of capital and disclosures.
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.
Board meeting notice requirement: companies must notify the stock exchange in advance of meetings to fix issue price for fixed price FPOs.
Amendment to clause 19 of the equity listing agreement inserts a sub clause requiring that where a further public offer is to be made through the fixed price route, the company shall notify the stock exchange at least 48 hours in advance of the proposed Board of Directors meeting convened for determination of issue price; the change incorporates provisions previously in rescinded guidelines and aligns with the ICDR Regulations governing issue of capital and disclosures.
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