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TMI BlogGeneral ConditionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ate 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 or it is in default of pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uer 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 recognized stock exchanges where the application f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 who is part of the same group or who is under the same management, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tible 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 and such direction or order is in force. - - statute, statutory provisions legislation, l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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