ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Minimum subscription: issuers must secure the prescribed proportion of the offer; failing which application monies must be refunded promptly. The regulation requires a minimum subscription of at least ninety per cent of the offer through the offer document, except for offers for sale of ... Summary
Minimum subscription: issuers must secure the prescribed proportion of the offer; failing which application monies must be refunded promptly.
The regulation requires a minimum subscription of at least ninety per cent of the offer through the offer document, except for offers for sale of specified securities; if this threshold is not met, all application monies received must be refunded to applicants forthwith, and the statute prescribes a short time limit for making such refunds after the closure of the issue.
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