SC: Subsidy Taxability Depends on its Purpose under The Income Tax Law  ||  MP HC:Revenue Authority’s Decision Can’t Operate as Res Judicata in Absence of Express Statutory Bar  ||  SC: Breakup Followed by Suicide does not Automatically Amount to Abetment to Suicide  ||  SC: Election Petition under Representation of the People Act Must be Filed Personally by Petitioner  ||  Patna HC: Template Arrest Memo cannot Satisfy Mandate under Article 22 of Constitution  ||  MP HC: Delayed Cruelty FIR not Counterblast When Wife “Remains Silent” to Save her Married Life  ||  MP HC:Revenue Authority’s Decision Can’t Operate as Res Judicata in Absence of Express Statutory Bar  ||  Patna HC: Signature Mismatch alone cannot Prove OMR Tampering  ||  J&K&L HC: Bail can be Set Aside if Contrary to Statutory Mandate  ||  Kerala HC: Headmistress’s Churidar cannot Bar Entry, Clothing Choice is A Fundamental Right    

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