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The article explains the interplay and distinction between Section 42 and Section 62 of the Companies Act, 2013 with respect to issue of shares, convertible and non-convertible securities in the context of a start-up. ....
Eni formalised with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in 2014, was revoked following the completion by Eni of a Security Risk Assessment to assess the security conditions in the areas where the exploration programme will be carried out; this study yielded positive. ....