SEBI interprets whether offer to 50 or more persons amounts to public & thereby mandates listing under Companies Act, irrespective of intention to list its securities with Stock Exchange - reading together Section 55A with 73
On 24th November 2010, it happened!!! SEBI, the watch dog of Indian Capital Market did its part of research on Companies Act to understand the powers which are already vested with it and has come out [barking :-)] with brilliant interpretations.
SEBI takes a re-look on Section 55A, 56, 60B, 67, 73 & 81(1A) of Companies Act, 1956
Read more: SEBI interprets whether offer to 50 or more persons amounts to public & thereby mandates listing under Companies Act, irrespective of intention to list its securities with Stock Exchange - reading together Section 55A with 73 ~ See Yes -> Yes, ACS
From India, Madras
1On 24th November 2010, it happened!!! SEBI, the watch dog of Indian Capital Market did its part of research on Companies Act to understand the powers which are already vested with it and has come out [barking :-)] with brilliant interpretations.
SEBI takes a re-look on Section 55A, 56, 60B, 67, 73 & 81(1A) of Companies Act, 1956
Read more: SEBI interprets whether offer to 50 or more persons amounts to public & thereby mandates listing under Companies Act, irrespective of intention to list its securities with Stock Exchange - reading together Section 55A with 73 ~ See Yes -> Yes, ACS
From India, Madras
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