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Offer period for rights issue requires a minimum seven-day acceptance period from the date of the offer. Rule 12A amends the Companies (Share Capital and Debentures) Rules by prescribing that, for the specified clause governing offers, the time period within which an offer must be kept open for acceptance shall be not less than seven days from the date of the offer, thereby setting a mandatory minimum acceptance window for such offers.
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.
Offer period for rights issue requires a minimum seven-day acceptance period from the date of the offer.
Rule 12A amends the Companies (Share Capital and Debentures) Rules by prescribing that, for the specified clause governing offers, the time period within which an offer must be kept open for acceptance shall be not less than seven days from the date of the offer, thereby setting a mandatory minimum acceptance window for such offers.
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