SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (FOURTH AMENDMENT) REGULATIONS, 2021 - SEBI/LAD-NRO/GN/2021/52 - SEBI
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Net worth limit for SR shareholders establishes valuation and holding criteria for eligible pre-issue shares under amended ICDR regulations. The amendment requires an SR shareholder's individual net worth to be determined by a Registered Valuer and capped at a specified upper threshold, counting investments in other listed companies but excluding the shareholder's holding in the issuer; it also mandates that SR equity shares be issued before filing the draft red herring prospectus and held for at least three months prior to filing the red herring prospectus.
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.
Net worth limit for SR shareholders establishes valuation and holding criteria for eligible pre-issue shares under amended ICDR regulations.
The amendment requires an SR shareholder's individual net worth to be determined by a Registered Valuer and capped at a specified upper threshold, counting investments in other listed companies but excluding the shareholder's holding in the issuer; it also mandates that SR equity shares be issued before filing the draft red herring prospectus and held for at least three months prior to filing the red herring prospectus.
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