https://www.taxtmi.com/notifications?id=135911 The amendment mandates that companies whose post-issue capital at offer price exceeds the upper threshold must allocate equity or convertible debentures equivalent to a specified value and at least five percent of each class; such companies must increase public shareholding to ten percent within two years and twenty-five percent within five years as specified by the regulator. The timeline proviso is reduced from eighteen to twelve months, and every listed company must maintain at least five percent public shareholding where that holding results from an approved insolvency resolution plan. Rules commence on Gazette publication. en-us Fri, 18 Jun 2021 00:00:00 +0530 Mon, 21 Jun 2021 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135911 The amendment mandates that companies whose post-issue capital at offer price exceeds the upper threshold must allocate equity or convertible debentures equivalent to a specified value and at least five percent of each class; such companies must increase public shareholding to ten percent within two years and twenty-five percent within five years as specified by the regulator. The timeline proviso is reduced from eighteen to twelve months, and every listed company must maintain at least five percent public shareholding where that holding results from an approved insolvency resolution plan. Rules commence on Gazette publication. Notifications SEBI Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135911