https://www.taxtmi.com/acts?id=33407 Issuers must satisfy minimum thresholds for net tangible assets, operating profit and net worth on a restated and consolidated basis for each of the three preceding full years, with limits on monetary assets and a revenue test where name changes occurred. Failure to satisfy these conditions permits an IPO only via book-building with a substantial institutional allocation and refund obligation if allocation commitments are not met. Additional constraints govern issuance and characteristics of superior voting SR equity shares, including technology-intensive business requirement, holding and authorization requirements, single class and voting-ratio limits, face-value parity, and prescribed net-worth limits for SR shareholders. en-us Fri, 21 Dec 2018 11:30:41 +0530 Thu, 13 Mar 2025 15:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33407 Issuers must satisfy minimum thresholds for net tangible assets, operating profit and net worth on a restated and consolidated basis for each of the three preceding full years, with limits on monetary assets and a revenue test where name changes occurred. Failure to satisfy these conditions permits an IPO only via book-building with a substantial institutional allocation and refund obligation if allocation commitments are not met. Additional constraints govern issuance and characteristics of superior voting SR equity shares, including technology-intensive business requirement, holding and authorization requirements, single class and voting-ratio limits, face-value parity, and prescribed net-worth limits for SR shareholders. Act-Rules SEBI Fri, 21 Dec 2018 11:30:41 +0530 https://www.taxtmi.com/acts?id=33407