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of <h1>SEBI Amends Regulations to Ensure Exit Opportunities for Dissenting Shareholders in Case of Contract Changes.</h1> The Securities and Exchange Board of India (SEBI) issued the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2016, effective from February 17, 2016. These regulations introduce Chapter VI-A, detailing conditions for providing an exit opportunity to dissenting shareholders when there is a change in the objects or terms of a contract as outlined in the prospectus. The exit offer must be made by promoters or controlling shareholders if certain conditions are met, including a significant percentage of dissenting votes and specific financial thresholds. The regulations also specify the calculation of exit offer price and the procedural requirements for executing the exit offer.
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