SEBI proposes to relax open offer obligations (resulting from Forfeiture of shares) under takeover code
SEBI PROPOSES TO RELAX OPEN OFFER OBLIGATIONS (RESULTING FROM FORFEITURE OF SHARES) UNDER TAKEOVER CODE Forfeiture of shares is a process specified under Table-F (Articles of Association of a Company Limited by Shares) of Schedule I of the Companies Act, 2013. Forfeiture is undertaken by the company as per the provisions of the Companies Act 2013 …