Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
28 May 2009Is there any change in the 10% Upfront Money clause of SEBI Guidelines for preferential Allotment. Plz update. Thanks
CS Ekta
(Company Secretary)
(309 Points)
Replied 28 May 2009
Hi Ankur, Are you talking about the clause 13.1.2.3 (a) of the SEBI Guidelines? In that case 10% is substituted by 25% by SEBI vide circular dated 24th Feb, 2009
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
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