https://www.taxtmi.com/circulars?id=58019 Where the fair value is positive, promoters' equity shares and corporate benefits shall be frozen and transfers (sale, pledge, etc.) blocked until promoters provide the exit option to public shareholders as certified by the recognised stock exchange; promoters and whole time directors are barred from serving as directors of any listed company until that exit option is effected, with exchanges and depositories coordinating compliance and SEBI empowered to take enforcement action for non compliance. en-us Wed, 07 Sep 2016 00:00:00 +0530 Wed, 05 Dec 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58019 Where the fair value is positive, promoters' equity shares and corporate benefits shall be frozen and transfers (sale, pledge, etc.) blocked until promoters provide the exit option to public shareholders as certified by the recognised stock exchange; promoters and whole time directors are barred from serving as directors of any listed company until that exit option is effected, with exchanges and depositories coordinating compliance and SEBI empowered to take enforcement action for non compliance. Circulars SEBI Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58019