Book Building Process
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Sohil /
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24-Mar-2023 04:35 AM /
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Dear All,
What would constitute demonstration of delivering the letter of offer to all
the public shareholders in terms of the proviso to regulation 17(b) of
Delisting Regulations in cases where at least 25% of the public shareholders do not participate in the book building process?
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building
book
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Posted By : Sohil /
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22-Jul-2023 04:23 AM /
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Hello All,
Is it mandatory to get the KYC of directors certified by practicing professional while attaching the same in the Form STK-2?
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19-Jul-2023 06:55 AM /
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Hello All,
Is Section 14 applicable when changing the name of the company? Are we required to file 2 MGT-14 separately for the purpose or single MGT-14 will work?
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15-Jul-2023 04:50 AM /
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Dear All,
What is the validity period for Private Placement Offer Letter, i.e. what should be the time period to apply for the shares under Private Placement?
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14-Jul-2023 04:12 AM /
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Dear All,
What valuation guidelines are used while reporting foreign equity investment for listed companies?
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12-Jul-2023 05:07 AM /
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Dear All,
Are we required to file FLA return if we have current investments from a foreign country?
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11-Jul-2023 10:09 AM /
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Dear All,
What is the downstream investment?
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Posted By : Sohil /
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30-Jun-2023 04:43 AM /
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Dear All,
What attachments are required to file a start up for a company?
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29-Jun-2023 05:23 AM /
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Dear All,
We have applied for IEC Code in December 12, 2022, are we required to update IEC in year 2023.
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As per the proviso to regulation 17(b) of the Delisting Regulations, in cases where at least 25% of the public shareholders do not participate in the book building process, the acquirer has to demonstrate that it has delivered the letter of offer to all the public shareholders by taking adequate steps.
In order to demonstrate the delivery of the letter of offer to all the public shareholders, the acquirer may adopt various modes of communication, such as registered post, speed post, courier, email, public announcement in newspapers, etc. The acquirer may also maintain a record of the communication made with the public shareholders and preserve the same for future reference.
It is important to note that the acquirer has the onus of demonstrating that it has delivered the letter of offer to all the public shareholders and has taken adequate steps to ensure the same. If the acquirer fails to do so, it may result in non-compliance with the Delisting Regulations and may attract penal provisions.