SC: Casual Workers Can't be Denied Regularisation if Similar Daily Wagers were Regularised  ||  Supreme Court: Illegal Change of Land Use under Punjab Act Cannot be Legalised Later  ||  Allahabad High Court: Magistrate Must Consider Closure Report Even After Taking Cognizance  ||  Allahabad HC: CGST Arrest Memo Must Include Grounds as Annexure; Reasons to Believe Not Needed  ||  Kerala HC: Petitioner’s Identity Must be Verified Via SHO in Cases of Bank Account Defreezing  ||  J&K&L HC: Undenied Pleadings are Deemed Admitted by Implication under the CPC  ||  Kerala HC: Transfer Order Pending Disciplinary Proceedings Cannot be Disguised as Punishment  ||  Allahabad HC: GST, Incentives, 0r Festival Advances Cannot be Deducted From Employee’s Retiral Dues  ||  SC: Absconding Accused Cannot Claim Anticipatory Bail Solely Because a Co-Accused Was Acquitted  ||  Supreme Court: District Cricket Bodies Must Adopt Good Governance Voluntarily, Not Follow BCCI Rules    

Exit Offer to Dissenting Shareholders- (Securities and Exchange Board of India) (01 Dec 2015)

Capital Market

The Securities and Exchange Board of India has released a discussion paper titled “Exit Offer to Dissenting Shareholders”. It draws attention to instances where a company has changed or proposes changes to the objects referred to in its prospectus and some shareholders not being agreeable to the same. It recommends that such dissenting shareholders should be given an ‘exit offer’ by promoters of the company or controlling shareholders who offer to buy out their shareholding at an ‘exit price’. The proposed regulations, which offer some specificity as to the process, acknowledge that amendments to the Companies Act will have to be carried out. Comments are being received till 23 December 2015.

Tags : DISSENTING SHAREHOLDER   PROSPECTUS   EXIT OFFER  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved