Requirement of minimum promoters’ contribution not applicable in certain cases

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..... ere the equity shares of the issuer are frequently traded on a stock exchange for a period of at least three years immediately preceding the reference date, and: (i) the issuer has redressed at least ninety five per cent of the complaints received from the investors till the end of the quarter immediately preceding the month of the reference date, and; (ii) the issuer has been in compliance wi .....

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..... it shall be deemed as compliance with the condition: Provided further that where the promoters propose to subscribe to the specified securities offered to the extent greater than higher of the two options available in clause (a) of sub-regulation (1) of regulation 113, the subscription in excess of such percentage shall be made at a price determined in terms of the provisions of regulation 164 o .....

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..... cified securities offered to the extent greater than higher of the two options available in clause (a) of sub-regulation (1) of regulation 113, the subscription in excess of such percentage shall be made at a price determined in terms of the provisions of regulation 164 or the issue price, whichever is higher." -
Statute, statutory provisions legislation, law, enactment, Acts, Rules, Reg .....

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