Regulation 224 - Period of subscription and issue of allotment letter
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Chapter VIII RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Rights issue subscription period: issuer must match home country timing with a mandated minimum and simultaneous allotment letters. A rights issue of Indian Depository Receipts must be open for subscription in India for the period required by the issuer's home country, subject to a minimum open period, and the issuing company must send the allotment letter to IDR holders at the same time it is sent to its shareholders under the home country or other listing jurisdiction requirements.
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.
Rights issue subscription period: issuer must match home country timing with a mandated minimum and simultaneous allotment letters.
A rights issue of Indian Depository Receipts must be open for subscription in India for the period required by the issuer's home country, subject to a minimum open period, and the issuing company must send the allotment letter to IDR holders at the same time it is sent to its shareholders under the home country or other listing jurisdiction requirements.
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