https://www.taxtmi.com/notifications?id=127661 Regulations mandate that promoters or controlling shareholders must make an exit offer to dissenting shareholders when a specified minority votes against changes in objects or contract terms and funds utilised for the original objects fall below a threshold. Eligible dissenters are those holding shares on the relevant date. The exit price is determined by the highest of specified acquisition-based benchmarks or, for infrequently traded shares, a merchant banker valuation. The regime prescribes merchant banker appointment, escrow security, tendering period mechanics, withdrawal rights, settlement via recognised exchange mechanisms, prompt payment timelines, and detailed post-offer disclosures. Promoters must ensure non-public shareholding limits are not breached. en-us Wed, 17 Feb 2016 00:00:00 +0530 Thu, 03 Jan 2019 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127661 Regulations mandate that promoters or controlling shareholders must make an exit offer to dissenting shareholders when a specified minority votes against changes in objects or contract terms and funds utilised for the original objects fall below a threshold. Eligible dissenters are those holding shares on the relevant date. The exit price is determined by the highest of specified acquisition-based benchmarks or, for infrequently traded shares, a merchant banker valuation. The regime prescribes merchant banker appointment, escrow security, tendering period mechanics, withdrawal rights, settlement via recognised exchange mechanisms, prompt payment timelines, and detailed post-offer disclosures. Promoters must ensure non-public shareholding limits are not breached. Notifications SEBI Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127661