Put option scra

Put option scra

Posted: MapQuest Date: 17.06.2017

A blawg containing a periodic review of topics of interest in corporate and commercial law that impact India. Assuming the regulator is right on the put being violative of SCRA et al, how does that foreclose the consideration of key issue raised in the Informal guidance?

Whether the Italian PE player is a PAC with the existing shareholder of VEL. It seems unlikely though that as a matter of law, they would be PACs on the facts narrated. That does not augur well for the issuers looking to attract foreign capital.

The laws are twisted by the experts in favout of their clients for heavy fees. Such agreemnts should be allowed but with certain compulsory riders like; minimum price, transparent valuation method of stake in question. Any shareholder should have the power to rstrain the deal with necessary objections.

Else, the matter is solved at the management level and the retail investors are deprived of eligible benefits. The corporate bigwigs with the help of legal experts are trying to twist SEBI's ruling in their own interest. However, it is certain that any decision that goes against SEBI's ruling would adversely impact the interest of small investors.

SEBI lifts restriction on call and put options in shareholder's agreement - Lexology

This is a classic example of corporate influence in Indian Capital Market. Subscribe in a reader. Tuesday, June 21, SEBI Reasserts Views on Put and Call Options.

put option scra

In view of the provisions of the Securities Contracts Regulation Act, SCRA and notifications issued thereunder, the validity of put and call options on securities of public limited companies entered into outside the stock exchange has been in doubt.

In the last year, however, SEBI has been making its stand clearer: Last moth, SEBI buttressed its position in an informal guidance sought by Vulcan Engineers Limited.

INDIAN CORPORATE LAW: SEBI Reasserts Views on Put and Call Options

SIMEST was the beneficiary of a put option whereby it could require Terruzzi to purchase its shares in Vulcan Engineers after a predetermined time. The informal guidance was sought as a matter of interpretation under the SEBI Substantial Acquisition of Shares and Takeovers Regulations, In responding to the request, SEBI observed: In view of the same, further examination with regard to the guidance sought in the banc de binary options trading algorithm letter does not arise.

Interestingly, while the informal guidance itself was sought under the Takeover Regulations and not in respect of SCRA, SEBI instead dealt with the in validity of the put and call options and refused to proceed to answer the specific questions posed.

Nishith Desai Associates: SEBI permits options and preemptive rights arrangements

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put option scra

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Enforceability Of Put And Call Options In India In The Current Regulatory Environment

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put option scra

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