Disclosure rationalization for listed issuers allows abridged rights offer documents and conditional omission of detailed disclosures. Amendments permit listed issuers meeting specified periodic filing and investor grievance criteria to omit certain detailed disclosures from prospectuses and letters of offer if certified by the Lead Merchant Banker and accompanied by an undertaking and public availability of the immediately preceding offer document; authorise abridged letters of offer for rights issues with prescribed contents; allow rights issue pricing before record date in consultation with the Designated Stock Exchange and fixed price public issue pricing prior to prospectus filing with ROC; permit further share issues after draft filing if total capital to be raised is fully disclosed; and clarify that the one year lock in runs from allotment.
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.
Disclosure rationalization for listed issuers allows abridged rights offer documents and conditional omission of detailed disclosures.
Amendments permit listed issuers meeting specified periodic filing and investor grievance criteria to omit certain detailed disclosures from prospectuses and letters of offer if certified by the Lead Merchant Banker and accompanied by an undertaking and public availability of the immediately preceding offer document; authorise abridged letters of offer for rights issues with prescribed contents; allow rights issue pricing before record date in consultation with the Designated Stock Exchange and fixed price public issue pricing prior to prospectus filing with ROC; permit further share issues after draft filing if total capital to be raised is fully disclosed; and clarify that the one year lock in runs from allotment.
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