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PNB Housing Finance Case: Justification of Articles of Associations (AoA) violation by Statutory Compliance
Introduction The Securities and Exchange Board of India (SEBI) is investigating Punjab National Bank Housing Finance (PNB Housing Finance), a business founded in 1988 and registered under the National Housing Bank, for its recent preferential issue of shares. PNB Housing Finance’s board of directors authorized the preferential allocation of equity shares and warrants to four … Continue reading PNB Housing Finance Case: Justification of Articles of Associations (AoA) violation by Statutory Compliance
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