Rights issue eligibility restricted where issuer or its promoters are debarred or fugitive economic offenders, with limited exception. Regulation 61 bars an issuer from making a rights issue if the issuer, its promoters, promoter group, or directors are debarred from accessing the capital market; if any promoter or director is a promoter or director of another company that is debarred; if any promoter or director is a fugitive economic offender; or if the issuer's equity shares are suspended from trading as a disciplinary measure on the reference date. The prohibition excludes persons or entities whose debarment period has expired as on the date of filing the draft letter of offer with the stock exchange(s).