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<h1>Offering Incentives in IPOs Prohibited Under Regulation 134 of SEBI's 2018 Disclosure Requirements</h1> Regulation 134 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, prohibits any person involved with an issue from offering incentives to any individual for making an application in an initial public offering. This includes direct or indirect incentives in cash, kind, services, or any other form, except for fees or commissions for services directly related to the issue.