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Although PNB Housing’s articles of association (AoA) stipulate that the valuation should be conducted by a registered valuer, this is not required under the Companies Law for a listed company. “The golden rule of law is to follow what the legislature says. Sebi can’t say what the legislature says is wholly excluded is required to be followed because of the AoA,” Dwarkadas said. “I submit there is no room for ambiguity. Listed company as a class is concerned they are wholly taken out. What is excluded is excluded. It can’t be brought through the back door.” Did you Know?

Fredun devitreJanak dwarkadasExchange board of india sebiCompanies lawExchange boardSecurities appellate tribunalDisclosure requirementsஜனக் துவாரகாதாஸ்பரிமாற்றம் பலகை ஆஃப் இந்தியா செபிநிறுவனங்கள் சட்டம்பரிமாற்றம் பலகைபத்திரங்கள் மேல்முறையீடு தீர்ப்பாயம்வெளிப்படுத்தல் தேவைகள்