SC: Valid Bareboat Charter Termination Extinguishes Demise Charter, Vessel Arrest Vacated || SC: Absence of Train Ticket No Ground to Deny Compensation for Passenger’s Death || Patna HC: Routine FIR Involvement alone cannot Deny Arms Licence without Safety Threat || Chhattisgarh HC: WhatsApp Chats Proving Mental Cruelty cannot be Ignored on Evidence Grounds || Delhi HC: Foreign Travel Restrictions must not Obstruct Pregnant Foreigner's Medical Care || MP High Court: Article 227 Cannot Be Invoked to Quash Wife’s Conjugal Rights Proceedings || Kerala High Court Issues Directions on Driver Profiling, Bus Regulation and Road Safety || Delhi HC: Prior Permission for Foreign Travel Unjustified When Accused Was Never Arrested || Air India Penalised Rs. 50K Over De-boarding Disabled Woman and Wheelchair Damage || Delhi HC: Muslim Personal Law cannot Shield Sex with Minor Wife from POCSO Case

Review of Offer for Sale of Shares through stock exchange mechanism- (Securities and Exchange Board of India) (15 Feb 2016)

MANU/SSMD/0005/2016

Capital Market

The Securities and Exchange Board of India has modified the guidelines on sale of shares through Offer for Sale mechanism in response to suggestions from both sellers and investors. Aimed at encouraging greater participation of all investors, sellers under OFS will have to notify stock exchanges of intention to sell shares by 5pm the day before the offer. Timeframe has also been set for retail and non-retail investors to ensure adequate opportunity to bid, and prevent under-subscription of shares.

Tags : OFFER FOR SALE SHARES NOTIFICATION TIMEFRAME

Share :