3 Review(s)

The Companies (Amendment) Act, 2020/2025, SEBI (LODR) updates, and recent National Company Law Tribunal clarifications have significantly expanded promoter obligations.A targeted guide helps corporate counsel, company secretaries, CA/CS professionals, and in-house teams navigate compliance, governance, and liability in IPOs, fundraising, and restructurings.Highlights duties and fiduciary responsibilities, especially in disclosures, fair dealing, and non-deceptive practices in prospectus or IPOs.Detailed guidance on disclosures under Section 26 (prospectus), Section 30 (rights issue), and relevant SEBI regulations.Practice notes on computation of promoters’ contributions and lock-in periods.Insights on Chapter VIII provisions and Section 188 transactions.Interpretation of regulators’ expectations.Obligations around board appointments, declarations of interest, and disclosures under the promoter’s influence.Compliance best practices with Secretarial Standards and Code of Conduct.ole of promoters in structuring IPOs—application of Fatehpuria, RG1, RG2 models. Drafting of founding documents, pre-IPO agreements, and responsibilities during compliance processes.