Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Yes, a company can change its Objects of the Issue after the IPO, but only under specific regulations and with shareholder and disclosure approvals.
Such changes are governed by the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.
|
Aspect |
Key Requirement / Regulation |
|
Shareholder Approval |
Under Sections 13(8) and 27(1) of the Companies Act, 2013, a change in objects requires a special resolution in a general meeting. |
|
Public Disclosure |
The company must publish details of the proposed change in newspapers and notify stock exchanges as per Regulation 30 of SEBI (LODR). |
|
Exit Option for Shareholders |
As per Section 27(2) of the Companies Act, 2013 and Regulation 16 of SEBI (ICDR) Regulations, 2018, dissenting shareholders must be given an exit opportunity. |
|
Monitoring & Reporting |
Fund utilisation must be monitored by the Audit Committee and certified by statutory auditors under Regulation 32 of SEBI (LODR). |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
