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        SEBI

        Regulation 85 - Opening of the issue

        Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
        Part VII
        ISSUANCE CONDITIONS AND PROCEDURE

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        Timing of rights issue governed by Board-specified period, subject to Companies Act compliance, rather than a fixed statutory timeframe Regulation 85 provides that, subject to compliance with the Companies Act, a rights issue may be opened within a period specified by the Board, replacing the former fixed opening timeframe and placing discretion over the opening period with the Board.
                  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.

                        Timing of rights issue governed by Board-specified period, subject to Companies Act compliance, rather than a fixed statutory timeframe

                        Regulation 85 provides that, subject to compliance with the Companies Act, a rights issue may be opened within a period specified by the Board, replacing the former fixed opening timeframe and placing discretion over the opening period with the Board.


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