Fast track issue eligibility streamlines public and rights offerings when prescribed listing, trading and compliance thresholds are met. Regulation 10 provides a fast track issue route exempting listed issuers from specified requirements where objective conditions are met: three years' nationwide listing; prescribed minimum average market capitalisation of public shareholding; specified six month trading turnover thresholds (with free float adjustment where public holding is below fifteen per cent); promoter dematerialisation; high investor grievance redressal; listing agreement compliance (with a cure-and-disclose deeming provision for board composition); limits on auditors' qualification impact; no Board-initiated show cause or prosecution proceedings; and additional rights issue, turnover, conflict of interest and settlement restrictions. Eligible issuers must file the offer document, pay fees, and have lead merchant bankers submit prescribed due diligence certificates. Definitions fix the reference date and the method for calculating average market capitalisation of public shareholding.