Sahara's OFCD scheme: Public issue without going public
Dr SD Israni 22 November 2011

Sahara companies show the way

As a student of corporate law, my understanding has been that when making a public issue, a company has to issue a prospectus and comply with requirements about disclosures as stipulated by SEBI (the Securities and Exchange Board of India). Unless it is a rights/preferential issue or a private placement, making an issue of securities to 50 or more persons...

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