Superior voting rights shares: mandatory co-listing with ordinary shares and exemption from minimum public offer requirements. An amendment mandates that companies issuing equity shares with superior voting rights to promoters or founders must list those shares on the same recognized stock exchange when listing ordinary shares offered to the public, and exempts such promoter-held superior voting rights shares from the minimum offer and allotment requirements under clause (b) of sub-rule (2) of rule 19 where the company seeks listing of ordinary shares for a public offering under rule 19 and SEBI regulations.
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Provisions expressly mentioned in the judgment/order text.
Superior voting rights shares: mandatory co-listing with ordinary shares and exemption from minimum public offer requirements.
An amendment mandates that companies issuing equity shares with superior voting rights to promoters or founders must list those shares on the same recognized stock exchange when listing ordinary shares offered to the public, and exempts such promoter-held superior voting rights shares from the minimum offer and allotment requirements under clause (b) of sub-rule (2) of rule 19 where the company seeks listing of ordinary shares for a public offering under rule 19 and SEBI regulations.
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