The provisions relating to declaration of significant beneficial ownership (“SBO”) were introduced in the Companies Act, 2013 (“Act”) with effect from June 2018, to prevent misuse of corporate...
Published On: 07/02/2023
Practice Area: Capital Markets & International Offerings, Corporate & Commercial
Authors:
SEBI has, through its circular dated January 10, 2023, modified the framework of offer for sale of shares through stock exchange mechanism with an objective to make the process more flexible and efficient for prospective sellers and buyers. INDUSLAW’s Ravi Dubey and Radhika Pandey write about such changes to the framework and its implications on increased adoption of offer for sale of shares through stock exchange mechanism.
