TMI BlogAdditional conditions for an offer for saleX X X X Extracts X X X X X X X X Extracts X X X X ..... eriod of at least one year prior to the filing of the draft offer document: Provided that in case the equity shares received on conversion or exchange of fully paid-up compulsorily convertible securities including depository receipts are being offered for sale, the holding period of such convertible securities, including depository receipts, as well as that of resultant equity shares together s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... period of one year shall not apply: a) in case of an offer for sale of a government company or statutory authority or corporation or any special purpose vehicle set up and controlled by any one or more of them, which is engaged in the infrastructure sector; b) if the equity shares offered for sale were acquired pursuant to any scheme approved by a High Court 2 [ **** ] or approved by a tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on reserves or unrealized profits of the issuer. ************* NOTES:- 1. Re-Placed vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 2. 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, 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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