Section 24 of CA 2013 : Section 24: Power Of Securities And Exchange Board To Regulate Issue And Transfer Of Securities, Etc
CA 2013
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Explanation using Example
Imagine a company called "Bright Future Tech Ltd." that is listed on the National Stock Exchange (NSE) in India. The company decides to issue additional shares to raise more capital. Under Section 24(1)(a)(i) of the Companies Act, 2013, the process of issuing these securities and ensuring their proper transfer to investors will be overseen by the Securities and Exchange Board of India (SEBI), which...
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