Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2019

Jul 29, 2019 | Updates

Listed Companies may issue equity shares that may provide superior voting rights (SR) to be exercised on every resolution except on such resolutions as provided under regulation 41A. Further, a listed entity having SR equity shares issued to its promoters/ founders, may issue SR equity shares to its SR shareholders only through a bonus, split or rights issue as per SEBI (ICDR) Regulations, 2018.

https://www.bseindia.com/downloads/whtsnew/file/SEBI%20(LODR)%20Fourth%20Amendment%20Regulation%202019-CIR-23.pdf