https://www.taxtmi.com/forum/issue?id=116118 The draft reconstruction scheme raises questions about applicability of the SEBI takeover code and share pricing, whether the scheme or Gazette notification can displace takeover regulations, and how effective dates will be synchronized. It highlights bank shareholding limits and the need for amendments or waivers for substantial investor stakes, the legal sensitivity of primacy, removal-of-difficulties and RBI-finality clauses, and operational gaps on capital structure, voting-rights caps, investor lock-ins/exits, and the treatment of perpetual AT-1 instruments. en-us Sat, 07 Mar 2020 18:38:08 +0530 Thu, 23 Jan 2025 15:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116118 The draft reconstruction scheme raises questions about applicability of the SEBI takeover code and share pricing, whether the scheme or Gazette notification can displace takeover regulations, and how effective dates will be synchronized. It highlights bank shareholding limits and the need for amendments or waivers for substantial investor stakes, the legal sensitivity of primacy, removal-of-difficulties and RBI-finality clauses, and operational gaps on capital structure, voting-rights caps, investor lock-ins/exits, and the treatment of perpetual AT-1 instruments. Discussion-Forum Companies Law Sat, 07 Mar 2020 18:38:08 +0530 https://www.taxtmi.com/forum/issue?id=116118