Qualified institutional buyers resolution: companies may pass a single annual special resolution for all allotments to QIBs. The amendment to rule 14(1) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 provides that for offers or invitations to qualified institutional buyers, a company need only pass a previous special resolution once a year to cover all allotments to such buyers during that year, with the rules commencing on publication in the Gazette.
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.
Qualified institutional buyers resolution: companies may pass a single annual special resolution for all allotments to QIBs.
The amendment to rule 14(1) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 provides that for offers or invitations to qualified institutional buyers, a company need only pass a previous special resolution once a year to cover all allotments to such buyers during that year, with the rules commencing on publication in the Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
