https://www.taxtmi.com/acts?id=35710 Regulation 69F requires notice and explanatory statement disclosure of an exit offer to dissenting shareholders when a special resolution changes issue objects or contract terms. Promoters or controlling shareholders must appoint a SEBI-registered merchant banker to fix the exit price, notify the exchange, create an escrow with aggregate consideration prior to tendering, and conduct tendering and settlement through recognised exchange mechanisms. Accepted tenders must be paid within a specified working-day period after tender closure, and the issuer must disclose aggregate tenders, acceptances, payments, post-offer shareholding and a merchant banker's report to the exchange. en-us Mon, 28 Jan 2019 11:48:43 +0530 Mon, 28 Jan 2019 11:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35710 Regulation 69F requires notice and explanatory statement disclosure of an exit offer to dissenting shareholders when a special resolution changes issue objects or contract terms. Promoters or controlling shareholders must appoint a SEBI-registered merchant banker to fix the exit price, notify the exchange, create an escrow with aggregate consideration prior to tendering, and conduct tendering and settlement through recognised exchange mechanisms. Accepted tenders must be paid within a specified working-day period after tender closure, and the issuer must disclose aggregate tenders, acceptances, payments, post-offer shareholding and a merchant banker's report to the exchange. Act-Rules SEBI Mon, 28 Jan 2019 11:48:43 +0530 https://www.taxtmi.com/acts?id=35710