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        SEBI

        Regulation 87 - Period of subscription

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

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        Subscription period limits for rights issues set with specified minimum and maximum durations and no post closing withdrawals permitted. Rights issues must remain open for subscription for a prescribed minimum duration and not exceed a prescribed maximum duration, with the Board able to specify the maximum period; applications cannot be withdrawn after the issue closing date, creating a firm prohibition on post closing withdrawal.
                      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.

                            Subscription period limits for rights issues set with specified minimum and maximum durations and no post closing withdrawals permitted.

                            Rights issues must remain open for subscription for a prescribed minimum duration and not exceed a prescribed maximum duration, with the Board able to specify the maximum period; applications cannot be withdrawn after the issue closing date, creating a firm prohibition on post closing withdrawal.


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