https://www.taxtmi.com/acts?id=33867 Regulation 41 restricts liens on shares to protect fully paid shareholdings and permits liens on partly paid shares only for moneys called at a fixed time; advance payments may bear interest but carry no dividend or profit participation rights. It prohibits issuing shares that create superior or inferior dividend or voting rights compared with already listed equity, requires initial offers of shares and related securities to be made pro rata to existing equity shareholders unless the general meeting decides otherwise, and mandates redemption of listed securities on a pro rata basis or by lot unless issue terms state otherwise. en-us Mon, 24 Dec 2018 17:09:56 +0530 Tue, 13 Aug 2024 15:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33867 Regulation 41 restricts liens on shares to protect fully paid shareholdings and permits liens on partly paid shares only for moneys called at a fixed time; advance payments may bear interest but carry no dividend or profit participation rights. It prohibits issuing shares that create superior or inferior dividend or voting rights compared with already listed equity, requires initial offers of shares and related securities to be made pro rata to existing equity shareholders unless the general meeting decides otherwise, and mandates redemption of listed securities on a pro rata basis or by lot unless issue terms state otherwise. Act-Rules SEBI Mon, 24 Dec 2018 17:09:56 +0530 https://www.taxtmi.com/acts?id=33867