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of <h1>Regulation 59 bans incentives for applying to public or rights issues, except for service-related fees or commissions.</h1> Regulation 59 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, prohibits any person associated with a public or rights issue from offering incentives, whether direct or indirect, in any form, to encourage applications for the allotment of specified securities. This regulation, however, does not apply to fees or commissions paid for services related to the issue. The term 'person connected with the issue' encompasses individuals involved in the distribution of the issue.
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