Reservation on a competitive basis allows employees and eligible shareholders capped allocations with conditions on application, transfer and spill over. Reservation on a competitive basis allows issuers to reserve parts of an issue (excluding promoters' contribution) for employees and for shareholders of listed subsidiaries or listed promoter companies, while excluding lead managers, registrars, syndicate members and their group or associate entities. Reservations are subject to aggregate and individual limits for employee and shareholder pools, prohibition on further net offer applications by most reserved beneficiaries, rules for reallocating unsubscribed portions among reserved categories and eventual addition to the net offer, and permission for spill over from reserved categories to the net offer in case of under subscription.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reservation on a competitive basis allows employees and eligible shareholders capped allocations with conditions on application, transfer and spill over.
Reservation on a competitive basis allows issuers to reserve parts of an issue (excluding promoters' contribution) for employees and for shareholders of listed subsidiaries or listed promoter companies, while excluding lead managers, registrars, syndicate members and their group or associate entities. Reservations are subject to aggregate and individual limits for employee and shareholder pools, prohibition on further net offer applications by most reserved beneficiaries, rules for reallocating unsubscribed portions among reserved categories and eventual addition to the net offer, and permission for spill over from reserved categories to the net offer in case of under subscription.
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