Securities laws for newly listed and to-be-listed

Transcript:Securities laws for newly listed and to-be-listed:
Securities laws for newly listed and to-be-listed companies ICDR Module Bengaluru: 4, Union Street, Infantry Rd, Shivaji Nagar Bengaluru, Karnataka 560001 Telephone: 022 2261 4021/ 022 6237 0959 Email: info@vinodkothari.com New Delhi: Nukleus, 501 & 501A, 5th Floor, Salcon Rasvilas, District Centre, Saket, Delhi 110017 Phone: 011 41315340 Email: delhi@vinodkothari.com Copyright & Disclaimer This presentation is only for academic purposes; this is not intended to be a professional advice or opinion. Anyone relying on this does so at one’s own discretion. Please do consult your professional consultant for any matter covered by this presentation. The contents of the presentation are intended solely for the use of the client to whom the same is marked by us. No circulation, publication, or unauthorised use of the presentation in any form is allowed, except with our prior written permission. No part of this presentation is intended to be solicitation of professional assignment. About Us Vinod Kothari and Company, company secretaries, is a firm with over 35 years of vintage Based out of Kolkata, Mumbai, New Delhi and Bengaluru. We are a team of qualified company secretaries, chartered accountants, lawyers and managers. Our Organization’s Credo: Focus on capabilities; opportunities follow Content outline Data and statistics on companies in India Modes of issuance of securities by public companies IPO - popularity and requirements Overview of regulatory framework for listed, unlisted companies Stages in an IPO Eligibility for bringing an IPO Minimum IPO allocation Main Board v/s SME Agreements involved in IPO Contents of DRHP Confirmations required from lead managers General observations of SEBI on DRHP IPO on Main Board through Pre-filing DRHP Promoter categorisation and obligations Meaning of promoter Meaning of promoter group Implications of being a promoter/ promoter group member Re-classification from promoter category Minimum promoter contribution Lock-in requirements and transferability restrictions Permissible objects of issue and use of proceeds Monitoring of use of proceeds Minimum Public Shareholding requirements Listing without IPO Direct listing of IFSC Companies in India - data and statistics as on 31st July, 2024 Source: MCA monthly bulletin Active Companies 17,45,911 Public 72,481 Private 16,73,430 Listed 6,711 Unlisted 65,730 Modes of issue of securities by a public company SoA without IPO Understanding important terms Specified Securities [Reg 2(1)(eee) of ICDR] Means equity shares and convertible securities Convertible Securities [Reg 2(1)(k) of ICDR] means a security which is convertible into or exchangeable with equity shares of the issuer at a later