https://www.taxtmi.com/acts?id=33564 Regulation 163 mandates that the explanatory statement for a special resolution on a preferential issue disclose objects of the issue, maximum securities, subscription intent of promoters/directors/senior management, pre- and post-issue shareholding, timeframe, identity of ultimate beneficial owners of proposed allottees (with limited exceptions), percentage of post-issue capital held by allottees and change in control, status of allottees as promoter/non-promoter, undertakings to re-compute price and lock-in obligations, and disclosures in Schedule VI where applicable; a practising company secretary's compliance certificate must be placed before the meeting and hosted online. en-us Fri, 21 Dec 2018 13:15:48 +0530 Sat, 10 Aug 2024 11:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33564 Regulation 163 mandates that the explanatory statement for a special resolution on a preferential issue disclose objects of the issue, maximum securities, subscription intent of promoters/directors/senior management, pre- and post-issue shareholding, timeframe, identity of ultimate beneficial owners of proposed allottees (with limited exceptions), percentage of post-issue capital held by allottees and change in control, status of allottees as promoter/non-promoter, undertakings to re-compute price and lock-in obligations, and disclosures in Schedule VI where applicable; a practising company secretary's compliance certificate must be placed before the meeting and hosted online. Act-Rules SEBI Fri, 21 Dec 2018 13:15:48 +0530 https://www.taxtmi.com/acts?id=33564