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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 77 mandates full payment for securities at allotment; warrants require 25% upfront, 75% on exercise.</h1> Regulation 77 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, mandates that full consideration for specified securities, excluding warrants, must be paid at allotment. In corporate debt restructuring, payment terms may follow the Reserve Bank of India's framework. For warrants, 25% of the consideration is due at allotment, with the remaining 75% payable upon exercising the option for equity shares. If the option is not exercised, the initial payment is forfeited. Payments must originate from the allottee's bank account, and compliance must be certified by a statutory auditor to the stock exchange.
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