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SEBI amends ICDR norms to include provisions on issue of share with differential voting rights (DVRs)

August 2, 2019
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SEBI has made amendments to the SEBI (ICDR) Regulations, 2018 whereby it has laid out framework for issue of shares with differential voting rights. Amended norms defines SR equity shares as shares of an issuer having superior voting rights compared to all other equity shares issued by issuer. Amended norms allows issuer to do initial public offer of only ordinary shares for listing issuance if he has issued SR equity shares (equity shares having superior voting rights) to promoters/found
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