The Securities and Exchange Board of India (SEBI) issued a circular on 15 September amending clause 49 of the Equity Listing Agreement, with effect from 1 October. The salient features of the circular are as follows:
- Clause 49 will not be mandatory for companies with a paid-up equity share capital not exceeding ₹100 million (US$1.6 million) and a net worth not exceeding ₹250 million and for companies whose shares are listed exclusively on small and medium enterprise (SME) and SME institutional trading platforms.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
