Reservation for employees allowed alongside rights issues, subject to regulatory conditions and a per-employee allotment value cap. Regulation 55A allows an issuer to make a reservation for employees alongwith a rights issue, subject to other applicable provisions of the regulations, ... Summary
Reservation for employees allowed alongside rights issues, subject to regulatory conditions and a per-employee allotment value cap.
Regulation 55A allows an issuer to make a reservation for employees alongwith a rights issue, subject to other applicable provisions of the regulations, and provides that the value of allotment to any employee shall not exceed a specified monetary limit.
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