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Request for Inputs: SEBI Consultation Paper on Superior Voting Rights Shares Framework
Request for Inputs: SEBI Consultation Paper on Superior Voting Rights Shares Framework

July 5, 2021

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Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on review of certain provisions related to Superior Voting Rights Shares (SR Shares) Framework

The Consultation Paper provide suggestions on amendment to the following:

  1. Net-worth requirements of SR shareholder,
  2. Issuance of SR shares to trusts/ entities on behalf of founders/ promoters,
  3. Timing of issuance of SR shares. Reduction in lock-in periods for minimum promoter’s contribution and other shareholders for public issuance on the Main Board.

In this regard, we request you to send your inputs/ views on the proposals by July 23, 2021 to garima@nasscom.in and tejasvi@nasscom.in


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Tejasvi

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