Additional conditions for an offer for sale

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..... least one year prior to the filing of the draft offer document: Provided that in case the equity shares received on conversion or exchange of fully paid-up compulsorily convertible securities including depository receipts are being offered for sale, the holding period of such convertible securities, including depository receipts, as well as that of resultant equity shares together shall be consid .....

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..... ot apply: a) in case of an offer for sale of a government company or statutory authority or corporation or any special purpose vehicle set up and controlled by any one or more of them, which is engaged in the infrastructure sector; b) if the equity shares offered for sale were acquired pursuant to any scheme approved by a High Court 2[****] or approved by a tribunal or the Central Government u .....

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..... suer. ************* NOTES:- 1. Re-Placed vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as "under the sections 391 to 394 of the Companies Act, 1956," 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as "shared&quo .....

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