Invitation and allotment of securities: requires prior allotment completion, non-cash subscriptions, timely allotment or repayment, restricted publicity.

Invitation and allotment of securities require completion of earlier allotments before new offers; non compliance with prescribed subscription and allotment conditions converts an offer into a public offer subject to securities laws. Subscription payments must be through banking channels only. Allotment must be completed within a specified short period or application monies must be repaid promptly, with interest for delayed repayment. Monies received on application must be held in a separate bank account and used only for adjustment against allotment or refund. Public advertisements and general media marketing for such offers are prohibited.

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