santhosh
24 September 2009 at 07:01
Hi all Pls guide me on the following
A Chennai based Medium sized listed company would like to accept resignation of its two PROMOTER DIRECTORS ,one of whom is presently having control of the company.
Is it required to obtain shareholders approval to ensure compliance with regulation 12 of the SEBI TAKEOVER code without the need to go in far public announcement/public offer etc before accepting the resignations of the Promoters/Directors ?
Only there are Two Promoter Directors on the Board.
Thnak You!
riven
SEBI Regulations
Hi all Pls guide me on the following
A Chennai based Medium sized listed company would like to accept resignation of its two PROMOTER DIRECTORS ,one of whom is presently having control of the company.
Is it required to obtain shareholders approval to ensure compliance with regulation 12 of the SEBI TAKEOVER code without the need to go in far public announcement/public offer etc before accepting the resignations of the Promoters/Directors ?
Only there are Two Promoter Directors on the Board.
Thnak You!
riven