TMI BlogAmendments to the Equity Listing AgreementX X X X Extracts X X X X X X X X Extracts X X X X ..... /Madam, Sub.: Amendments to the Equity Listing Agreement 1. It has been decided to amend the Equity Listing Agreement to prohibit listed companies from issuing shares with superior rights as to voting or dividend vis-à-vis the rights on equity shares that are already listed. Accordingly, this circular is issued, in exercise of powers conferred by sub-section (1) of Section 11 of the Secur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Framework" and "Issues and Listing".
Yours faithfully,
Sanjay Purao
Encl.: Annexure A
Annexure A
1. After clause 28, the following clause shall be inserted, namely:-
28A. The company agrees that it shall not issue shares in any manner which may confer on any person, superior rights as to voting or dividend vis-à-vis the rights on equity shares that are already listed. X X X X Extracts X X X X X X X X Extracts X X X X
|