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Minimum public shareholding compliance: prescribed methods include public issuance, promoter divestment, ESOP and ETF transfers with disclosure and undertakings. SEBI prescribes permissible methods to achieve minimum public shareholding, including public issuance, offer for sale by promoters via prospectus or stock exchange mechanism, rights and bonus issues to public shareholders with promoters forgoing entitlements, QIP allotments, ESOP exercise subject to compliance and caps, promoter open market sales under alternative quantified schemes with prior announcement and undertakings, and transfer of promoter shares to ETFs with disclosure and subscription undertakings; stock exchanges must monitor compliance and report breaches, and the Board may approve other methods on application.
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.
Minimum public shareholding compliance: prescribed methods include public issuance, promoter divestment, ESOP and ETF transfers with disclosure and undertakings.
SEBI prescribes permissible methods to achieve minimum public shareholding, including public issuance, offer for sale by promoters via prospectus or stock exchange mechanism, rights and bonus issues to public shareholders with promoters forgoing entitlements, QIP allotments, ESOP exercise subject to compliance and caps, promoter open market sales under alternative quantified schemes with prior announcement and undertakings, and transfer of promoter shares to ETFs with disclosure and subscription undertakings; stock exchanges must monitor compliance and report breaches, and the Board may approve other methods on application.
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