TMI BlogSecurities ineligible for minimum promoters’ contributionX X X X Extracts X X X X X X X X Extracts X X X X ..... t be eligible: a) specified securities acquired during the preceding three years, if they are: (i) acquired for consideration other than cash and revaluation of assets or capitalisation of intangible assets is involved in such transaction; or (ii) resulting from a bonus issue by utilisation of revaluation reserves or unrealised profits of the issuer or from bonus issue against equity shar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thority of India, ] as applicable, pay to the issuer the difference between the price at which the specified securities are offered in the initial public offer and the price at which the specified securities had been acquired; (ii) if such specified securities are acquired in terms of the scheme under 2 [ **** ] sections 230 to 234 of the Companies Act, 2013, as approved by a High Court or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... suer and there is no change in the management: Provided that specified securities, allotted to the promoters against the capital existing in such firms for a period of more than one year on a continuous basis, shall be eligible; d) specified securities pledged with any creditor. (2) Specified securities referred to in clauses (a) and (c) of sub-regulation (1) shall be eligible for the com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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