TMI BlogGeneral ConditionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ares if as on the date of filing of draft offer document or final offer document as provided in these regulations: (a) the issuer or the person in control of the issuer or its promoter or its director is restrained or prohibited or debarred by the Board from accessing the securities market or dealing in securities; or (b) the issuer or any of its promoters or directors is a wilful defaulter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nationwide trading terminals, the issuer shall choose one of them as the designated stock exchange; Explanation: For any subsequent public issue, the issuer may choose a different stock exchange as a designated stock exchange subject to the requirements of this regulation; (b) it has obtained in-principle approval for listing of its non-convertible redeemable preference shares on the recogni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd (f) the issue has been assigned a rating of not less than AA- or equivalent by a credit rating agency registered with the Board. (3) The issuer shall create a capital redemption reserve in accordance with the provisions of the Companies Act, 1956; (4) The issuer shall not issue non-convertible redeemable preference shares for providing loan to or acquisition of shares of any person w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b-regulation (1) read as under: (1) No issuer shall make any public issue of non-convertible redeemable preference shares if as on the date of filing of draft offer document and final offer document as provided in these regulations, the issuer or the promoter of the issuer, has been restrained or prohibited or debarred by the Board from accessing the securities market or dealing in securities ..... X X X X Extracts X X X X X X X X Extracts X X X X
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