Procedural relaxation for rights issues extended, subject to continued compliance with specified circular conditions. SEBI extends the one-time procedural relaxation for Rights Issues provided earlier, making the specified waiver in the prior circular applicable for Rights Issues opening up to March 31, 2021, provided the issuer and Lead Manager(s) continue to comply with the specified remaining condition(s) in that prior circular; the extension is issued under Sections 11(1) and 11A of the SEBI Act and Regulations 299 and 300 of the ICDR Regulations and is effective from the date of issue.
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.
Procedural relaxation for rights issues extended, subject to continued compliance with specified circular conditions.
SEBI extends the one-time procedural relaxation for Rights Issues provided earlier, making the specified waiver in the prior circular applicable for Rights Issues opening up to March 31, 2021, provided the issuer and Lead Manager(s) continue to comply with the specified remaining condition(s) in that prior circular; the extension is issued under Sections 11(1) and 11A of the SEBI Act and Regulations 299 and 300 of the ICDR Regulations and is effective from the date of issue.
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 
