Securities and Exchange Board of India (SEBI) has amended the Disclosure and Investor Protection (DIP) Guidelines on 30th April, 2007 with the following salient features: Grading of all Initial Public Offerings (IPO) made mandatory. The grading will be applicable to all IPOs for which draft offer documents are filed with SEBI after April 30, 2007; Existing practices followed by SEBI regarding processing of draft offer documents incorporated in the DIP guidelines; Companies having listing history of one year or more, only to be allowed to make Qualified Institutions Placement(QIP); Companies having listing history of less than six months to be enabled to make preferential allotment, subject to certain conditions; More clarity on provisions relating to minimum promoters’ contribution for the purpose of public issues. All these amendments have been taken care of at appropriate places of the book.

Outlining 1236 Draft Resolutions, 428 Draft Notices, 63 Draft Minutes and a separate Chapter on Company Meetings : Existing specimen drafts on Company Notices, Meetings, Resolutions & Minutes have been reveiwed and re-examined in the light of all the above statutory changes, amendments and Government Directions. As a result, existing Company Notices, Meetings, Resolutions & Minutes have been enlarged and practice notes under various Chapters re-arranged, besides many new practice notes added. New specimen drafts have been added under various chapters raising the total number of Resolutions to 1236, specimen draft on Company Notices to 428 and specimen draft minutes to 63 besides thoroughly revised and enlarged chapter on Company Meetings. Relevant draft specimens are arranged section-wise, in as much as all academic discussions have been avoided, instead, precise instructions on the steps to be taken one after another in drafting and issuance of a particular notice, of convening a particular meeting, of passing and adopting a particular resolution have been given. With every draft resolution or notice, self explantory practice notes are given and wherever thought necessary relevant extracts from Departmental Circulars, Clarifications have been quoted for the practical guidance and procedure. The instructions have been kept confined to the statutory steps to be taken. In chapters dealing with “Company Meetings” an endeavour has been made to cover all types of meetings including those that are statutorily required to be held adding therewith all possible norms and legal backgrounds that evolve through the stages.