Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2019 - SEBI/LAD-NRO/GN/2019/35 - SEBI
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Migration to main board eligibility: Innovators Growth Platform companies may seek regular trading subject to financial, ownership and lock in conditions. The amendment substitutes FPI terminology and inserts Part V allowing Innovators Growth Platform listed companies to apply for trading under the main board regular category if they meet conditions: one year listing, minimum two hundred shareholders, absence of debarment/wilful default/fugitive economic offender status (with limited savings), consolidated financial thresholds for net tangible assets, operating profit and net worth, or alternatively 75% QIB ownership; promoters to hold at least 20% (with limited institutional fill in) and specified lock in periods.
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.
Migration to main board eligibility: Innovators Growth Platform companies may seek regular trading subject to financial, ownership and lock in conditions.
The amendment substitutes FPI terminology and inserts Part V allowing Innovators Growth Platform listed companies to apply for trading under the main board regular category if they meet conditions: one year listing, minimum two hundred shareholders, absence of debarment/wilful default/fugitive economic offender status (with limited savings), consolidated financial thresholds for net tangible assets, operating profit and net worth, or alternatively 75% QIB ownership; promoters to hold at least 20% (with limited institutional fill in) and specified lock in periods.
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