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.
SEBI has introduced a new framework for Rights Issues, effective April 7, 2025, requiring completion within 23 working days from board approval. The circular establishes expedited timelines for various stages of the Rights Issue process, reduces minimum subscription period to seven days, and introduces flexibility for allotment to specific investors. Stock Exchanges and Depositories must develop an automated validation system for applications within six months. The framework includes detailed timelines for pre-issue activities (Board approval to issue closure) and post-issue activities (closure to listing and trading). Consequential amendments to the Master Circular on ICDR Regulations have been made to align with this streamlined process.
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