RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XB ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISES
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Minimum allottees requirement bars allotment in SME IPOs where prospective investor count falls below the statutory threshold. Regulation 106R mandates that no allotment shall be made pursuant to any initial public offer under this Chapter if the number of prospective allottees is ... Summary
Minimum allottees requirement bars allotment in SME IPOs where prospective investor count falls below the statutory threshold.
Regulation 106R mandates that no allotment shall be made pursuant to any initial public offer under this Chapter if the number of prospective allottees is less than fifty, creating a mandatory minimum-allottee threshold for SME public issues; the provision's designation was subsequently renumbered by amendment.
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