Question

Explain the sebi guidelines regarding issue of various classes of share and forfeiture of share

Answer 1

hello!

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Applicability:-

• These guidelines apply to the rights issues made by existing listed companies

Withdrawal of a Rights Issue:-

• Rights issue cannot be withdrawn after the announcement of the record date.

Underwriting:-

• The underwriting of rights issue shall be optional.

Appointment of Registrar:-

• Appointment of Registrars to Issue shall be compulsory.

5. Appointment of Merchant:-

• Banker holding a valid certificate of registration issued by SEBI shall be compulsory.

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hope it will help u!!