Business Standard

Sunday, January 05, 2025 | 11:45 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 3 - Indian Promoters

Regulators working on tighter norms for promoter pledged share funds

RBI, Sebi, Irdai and PFRDA to work closely on new framework

Regulators working on tighter norms for promoter pledged share funds
Updated On : 16 Oct 2019 | 1:02 AM IST

Norms relaxed for shares with differential voting rights to boost start-ups

In a fillip to startups, the government has relaxed norms for shares with differential voting rights that will help such companies to retain control while raising equity capital. With the amended rules, companies can now have up to 74 per cent Differential Voting Rights (DVR) shares of the total post issue paid up share capital. The limit has been revised from 26 per cent. The corporate affairs ministry has amended the Companies (Share Capital & Debentures) Rules under the Companies Act. "Another Key change brought about is the removal of the earlier requirement of distributable profits for 3 years for a company to be eligible to issue shares with DVRs," the ministry said in a release on Friday. According to the ministry, the initiatives have been taken in response to requests from innovative technology companies and startups. It would also "strengthen the hands of Indian companies and their promoters who have lately been identified by deep pocketed investors worldwide for ...

Norms relaxed for shares with differential voting rights to boost start-ups
Updated On : 16 Aug 2019 | 6:45 PM IST

Hard choice for promoters of stressed businesses: Sell stake or cash out

Promoters are assessing potential future areas of stress in their businesses and deciding to give up majority stakes rather THAN go to the IBC

Hard choice for promoters of stressed businesses: Sell stake or cash out
Updated On : 05 Mar 2019 | 1:43 AM IST

All work and no pay for these Indian promoters

Around 300 promoters serve their company boards for free

Image
Updated On : 18 Oct 2016 | 10:43 PM IST