Section 151
of Securities Markets Order, 2013
ORDERIn forceProvision 150 of 288
Section 151
(b)
provide holders of securities that have voting rights with the right to vote by proxy; and
(c)
give to every holder of equity securities the pre-emptive right to subscribe to any newly offered equity securities or securities that can be converted into equity securities on a proportionate basis in the manner established by the Authority.
1348
{2)
The Authority shall have the power to publish such regulations as it thinks fit to supplement these requirements in order to protect the interests of the minority shareholders.
(3)
Members of the board of directors of a publicly tradable company have a duty to act in the interest of the company, for the benefit of all holders of securities.
Tender offer.