Uma
asked over 3 years ago
acharya
answered almost 3 years ago
A listed issuer can make qualified institutions placement subject to the following conditions: – A special resolution approving the issue is required to be passed by its shareholders. – Prior to the date of issuance of notice to its shareholders for convening the meeting to pass the special resolution, the equity shares of the same class, which are proposed to be allotted through QIP, are listed on a recognised stock exchange having nation wide trading terminal for a period of at least one year. – If an issuer, being a transferee company in a scheme of merger, de-merger, amalgamation or arrangement sanctioned by a High Court under sections 391 to 394 of the Companies Act, 1956, makes QIP, the period for which the equity shares of the same class of the transferor company were listed on a stock exchange having nation wide trading terminals are also eligible to be considered for the purpose of computation of the period of one year.
narahari
answered about 3 years ago
A listed issuer can make qualified institutions placement subject to the following conditions: – A special resolution approving the issue is required to be passed by its shareholders. – Prior to the date of issuance of notice to its shareholders for convening the meeting to pass the special resolution, the equity shares of the same class, which are proposed to be allotted through QIP, are listed on a recognised stock exchange having nation wide trading terminal for a period of at least one year.
