At any given time there shall be two denominations of IDR of the issuing company;
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2019
At any given time there shall be two denominations of IDR of the issuing company;
Answer & Explanation:
At any given time, there shall be only one denomination of IDR of the issuing company. [Regulation 183 (2)(b)]
Topics: SEBI (ICDR) Regulations, 2018
Related Questions in this Topic
- You are the Company Secretary of Peeka Ltd., a Small and Medium Enterprise (SME). The Managing Director of your company ...
- If the issuing company fails to refund the entire subscription amount within the stipulated period, it is liable to pay ...
- The issuing company is not listed in its home country; and
- The issuing company is prohibited to issue securities by the regulatory body in Australia;
- At least sixty per cent of the IDRs shall be allotted to the qualified institutional buyers;