SC: Appeal U/S 374 CrPC/415 BNSS is Not Maintainable Against Sessions Court's Reversal of Acquittal  ||  SC Asked the Centre to Promote Awareness About the Consequences of Driving With an Expired Licence  ||  SC Explains How a Deceased Christian Wife's Property Devolves under the Indian Succession Act  ||  Supreme Court: Reach Stacker isn't a Motor Vehicle; MACT Claim Not Maintainable  ||  Supreme Court: Lift Makers, Operators and Owners Share Responsibility for User Safety  ||  Patna HC: Pressure to Sign Divorce and Child Custody does not Amount to Cruelty  ||  Bombay HC: Externment under the Police Act Requires Satisfaction About a Gang's Activities  ||  Bombay HC: False Travel Distance Claim Alone Doesn't Constitute Misappropriation  ||  J&K&L High Court: Interest on Delayed Gratuity is Not a Mandatory Pre-Deposit For an Appeal  ||  Meghalaya HC: Meritorious Candidate Cannot Be Denied Admission For a Two-Minute Delay    

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