I would be highly grateful if anyone could explain Regulation 26 (e) of SEBI (ICDR) , 2009 with an example
As per the SEBI (ICDR) Regulations 2009, vide Regulation 26 (d) & (e), a listed Company shall
be eligible to make a public issue of equity shares or any other security which may be converted
into or exchanged with equity shares at a later date provided
(d) the aggregate of the proposed issue and all previous issues made in the same financial
year in terms of issue size does not exceed five times its pre-issue net worth as per the
audited balance sheet of the preceding financial year;
(e) if it has changed its name within the last one year, at least fifty per cent. of the revenue
for the preceding one full year has been earned by it from the activity indicated by the
new name.
I am confusd abt the wordings used in the above clause.. Plz explain with a practical example.
Thanks
CAclubindia
