TMI BlogSecurities ineligible for minimum promoters’ contributionX X X X Extracts X X X X X X X X Extracts X X X X ..... om bonus issue against equity shares which are ineligible for minimum promoters contribution; (b) specified securities acquired by the promoters and alternative investment funds or foreign venture capital investors or scheduled commercial banks or public financial institutions or insurance companies registered with Insurance Regulatory and Development Authority of India 5 [ or any non-individual public shareholder holding at least five per cent. of the post-issue capital or any entity (individual or non-individual) forming part of promoter group other than the promoter(s) ] , during the preceding one year at a price lower than the price at which specified securities are being offered to the public in the initial public offer: Provided that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oreign venture capital investors or scheduled commercial banks or public financial institutions or insurance companies registered with Insurance Regulatory and Development Authority of India or any nonindividual public shareholder holding at least five per cent. of the post issue capital or any entity (individual or non-individual) forming part of promoter group other than the promoter(s), as applicable, for a period of at least one year prior to the filing of the draft offer document and such fully paid-up compulsorily convertible securities are converted or exchanged into equity shares prior to the filing of the offer document (i.e., red herring prospectus in case of a book built issue and prospectus in case of a fixed price issue), provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l or the Central Government under sections 230 to 234 of the Companies Act, 2013. ************* NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as if the promoters and alternative investment funds 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as sections 391 to 394 of the Companies Act, 1956 or 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as the promoters and alternative investment funds 4. Omitted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as under the sections 391 to 394 of the Companies Act, 1956 5. Inserted vide Notification No. SEBI/LAD ..... X X X X Extracts X X X X X X X X Extracts X X X X
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