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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Regulation 42: Reservation Rules in Public Offerings for Employees, Shareholders, and Business Associates Explained</h1> Regulation 42 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, outlines provisions for reservation on a competitive basis during public offerings. It allows issuers to reserve portions of the issue size, excluding promoters' contributions and net public offers, for specific categories such as employees, shareholders (excluding promoters), and business associates like depositors or bondholders. The regulation sets limits on reservations: employees up to 5% of post-issue capital, shareholders up to 10% of the issue size, and business associates up to 5%. Unsubscribed portions can be adjusted among reserved categories or added to the public offer.
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