https://www.taxtmi.com/notifications?id=130612 Defines SR equity shares as equity shares with superior voting rights and establishes conditions enabling issuers with promoter/founder held SR shares to offer only ordinary shares in a Main Board IPO: technology intensive business requirement; SR holders excluded from promoter net worth calculation for a specified threshold; SR shares issued only to executive promoters/founders and authorized by special resolution specifying size, voting ratio, dividend differentials, sunset provisions and parity matters; six month holding prior to RHP; voting ratio limited to whole numbers between 2:1 and 10:1; same face value; single SR class; SR shares equivalent to ordinary shares except for superior voting rights; SR shares subject to specified lock in, rights issue and bonus issue treatment; disclosure updates and eligibility for minimum promoters' contribution. en-us Mon, 29 Jul 2019 00:00:00 +0530 Mon, 02 Sep 2019 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130612 Defines SR equity shares as equity shares with superior voting rights and establishes conditions enabling issuers with promoter/founder held SR shares to offer only ordinary shares in a Main Board IPO: technology intensive business requirement; SR holders excluded from promoter net worth calculation for a specified threshold; SR shares issued only to executive promoters/founders and authorized by special resolution specifying size, voting ratio, dividend differentials, sunset provisions and parity matters; six month holding prior to RHP; voting ratio limited to whole numbers between 2:1 and 10:1; same face value; single SR class; SR shares equivalent to ordinary shares except for superior voting rights; SR shares subject to specified lock in, rights issue and bonus issue treatment; disclosure updates and eligibility for minimum promoters' contribution. Notifications SEBI Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130612