SHELF PROSPECTUS

A particular kind of prospectus released by businesses that issue bonds in numerous issues is known as a shelf prospectus. Any announcement, advertisement, or other document urging the public to subscribe for securities is referred to as a prospectus. Public limited businesses are required to publish a prospectus prior to issuing securities. Any public limited…

POWER OF SECURITIES AND EXCHANGE BOARD TO REGULATE ISSUE AND TRANSFER OF SECURITIES.

Prior to 1992, there were three Major Acts governing the securities markets were: Substantial part of the liberalization mechanism was the repeal of the Capital Issues (control) Act, 1947 in May 1992. With this, government’s control over issue of capital, pricing of issues, fixing of premia and rates of interest on debentures, etc. Ceased. The…

INDEPENDENT DIRECTORS

Independent Directors’ Qualifications, Powers, and Terms of Appointment. An Independent Director has traditionally been a highly esteemed and intelligent someone who represents governance within the Board. A non-executive director of a corporation who satisfies the Companies Act of 2013’s requirements for independence is referred to as an independent director. Independent Directors serve as an oversight…