Opening of Public Issue requires specific timing and filing conditions for book built and fixed price offers under securities rules. Regulation 140 requires a public issue to open within twelve months of the Board's observations (subject to Companies Act compliance), mandates that fast track issues follow the Companies Act timetable, requires the first issue under a shelf prospectus to open within three months of Board observations, and provides that an issue may only open after at least three working days from filing the red herring prospectus (book-built) or prospectus (fixed price) with the Registrar of Companies; the text substitutes the term filing for the prior term.
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.
Opening of Public Issue requires specific timing and filing conditions for book built and fixed price offers under securities rules.
Regulation 140 requires a public issue to open within twelve months of the Board's observations (subject to Companies Act compliance), mandates that fast track issues follow the Companies Act timetable, requires the first issue under a shelf prospectus to open within three months of Board observations, and provides that an issue may only open after at least three working days from filing the red herring prospectus (book-built) or prospectus (fixed price) with the Registrar of Companies; the text substitutes the term filing for the prior term.
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