Utt. HC Grants Bail to Accused in UAPA Case after No Progress in Investigation in First 90 Days  ||  Ker. HC: Create Website for Citizens to Report Construction of Unauthorized Boards/ Banners  ||  Delhi. HC: Wrong Section in Application Not Fatal if No Prejudice Caused to Court/Opposite Party  ||  Allahabad HC: Women Artists in Orchestras are Often Subjected to Sexual Harassment  ||  Delhi HC Constitutes Fact-Finding Committee to Conduct Investigation Issues in Equestrian Sports  ||  Bom. HC: Right to Travel is Required to be Not Only Recognised but Should be Made More Meaningful  ||  Bom. HC: In Appeal against Award of Compensation Court Can’t Condone Delay Beyond 120-Day Period  ||  Bombay HC Slams Maharashtra Government for Failing to Reduce Air Pollution  ||  Del HC: If Reassessment Notice Issued During Lifetime of Deceased Assessee, Dept. Can Invoke S. 159  ||  SC Grants Benefit of Probation of Offenders Act to Accused on Ground of Settlement between Parties    

Clarification on dispatch of notice under Section 62(2) of Companies Act, 2013 by listed companies for rights issues opening upto 31st December, 2020- (Ministry of Corporate Affairs) (03 Aug 2020)

MANU/DCAF/0092/2020

Company

Reference is drawn to this Ministry's General Circular Number 21/2020 dated 11th May, 2020 regarding clarification on dispatch of notice under section 62(2) of Companies Act, 2013 by listed companies for rights issue opening upto 31st July, 2020. Representations have been received for extending the validity of such clarification. The Circular (Number SEBI/HO/CFD/DIL1/CIR/P/2020/136) issued by SEBI on 24th July, 2020 has also been considered. In view of this, it has been decided that clarification given under para 2 of General Circular 21/2020 dated 11th May, 2020, would continue to be applicable for rights issues, in case of listed companies, opening upto 31st December, 2020. Accordingly, in case of listed companies, which comply with relevant circulars issued by SEBI, inability to dispatch the relevant notice to shareholders through registered post or speed post or courier would not be viewed as violation of section 62(2) of the Act for rights issues opening upto 31st December, 2020. Other requirement provided in the said General Circular remain unchanged.

Tags : CLARIFICATION   DISPATCH OF NOTICE  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved