Rights issue relaxation extended; issuers must obtain independent IT vulnerability tests for optional non cash application mechanisms. The circular extends a prior procedural relaxation for Rights Issues while preserving the requirement that issuers and Lead Managers comply with the specified ancillary procedural obligation; it additionally requires issuer companies to obtain and submit to the stock exchange an independent IT auditor's Vulnerability Test report for any optional non cash application mechanism administered by the registrar, with issuers, Lead Managers, Registrars and intermediaries remaining responsible for implementing and complying with the relevant regulatory requirements.
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.
Rights issue relaxation extended; issuers must obtain independent IT vulnerability tests for optional non cash application mechanisms.
The circular extends a prior procedural relaxation for Rights Issues while preserving the requirement that issuers and Lead Managers comply with the specified ancillary procedural obligation; it additionally requires issuer companies to obtain and submit to the stock exchange an independent IT auditor's Vulnerability Test report for any optional non cash application mechanism administered by the registrar, with issuers, Lead Managers, Registrars and intermediaries remaining responsible for implementing and complying with the relevant regulatory requirements.
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