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Green Flag for Companies to make ‘Fast Track Rights Issue’ in case of pending show-cause notices

Posted By : Damini / Published on : 30-Sep-2020 08:54 AM / View : 505 / Comments : 0

Companies will now be eligible to come out with Fast Track Rights Issue, in case of pending show-cause notices w.r.t. adjudication, prosecution proceedings and audit qualification, provided that necessary disclosures along with potential adverse impact on the issuer are made in the letter of offer.

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