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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 204: Allotment Procedures for Securities, Oversubscription Limits, and Investor Provisions in India's Capital Markets</h1> Regulation 204 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, outlines the procedure for allotting specified securities. Issuers cannot allot more securities than offered, except in cases of oversubscription for rounding purposes, with up to one percent additional allotment allowed. Allotments to non-retail investors are proportionate within categories, rounded to the nearest integer, with a minimum allotment equal to the disclosed application size. Retail investors cannot receive securities exceeding two lakh rupees in value, with allotments not less than the minimum bid lot. The designated stock exchange, lead managers, and registrars must ensure a fair and proper allotment process.
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