SEBI's Interpretation of Public Offerings
SEBI interprets whether an offer to 50 or more persons amounts to a public offer and thereby mandates listing under the Companies Act, irrespective of the intention to list its securities with the Stock Exchange - reading together Section 55A with 73.
On 24th November 2010, it happened! SEBI, the watchdog of the Indian Capital Market, conducted its research on the Companies Act to understand the powers that are already vested with it and has come out [barking :-)] with brilliant interpretations. SEBI takes a re-look at Section 55A, 56, 60B, 67, 73, and 81(1A) of the Companies Act, 1956.
Read more: http://yehseeyes.blogspot.com/2010/1...to-public.html
From India, Madras
Acknowledge(0)
Amend(0)
1SEBI interprets whether an offer to 50 or more persons amounts to a public offer and thereby mandates listing under the Companies Act, irrespective of the intention to list its securities with the Stock Exchange - reading together Section 55A with 73.
On 24th November 2010, it happened! SEBI, the watchdog of the Indian Capital Market, conducted its research on the Companies Act to understand the powers that are already vested with it and has come out [barking :-)] with brilliant interpretations. SEBI takes a re-look at Section 55A, 56, 60B, 67, 73, and 81(1A) of the Companies Act, 1956.
Read more: http://yehseeyes.blogspot.com/2010/1...to-public.html
From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
FACTORIES ACT NOISE REGULATIONS 1997.pdf
Companies Act 1956.pps
Mergers & Amalgamations under the Companies Act, 1956.doc