Restrictions on allotment in qualified institutions placement bar promoters and related persons and require minimum allocation to mutual funds. Restrictions on allotment in a qualified institutions placement require a minimum allocation to mutual funds with unsubscribed portions reallocated to other qualified institutional buyers, and prohibit allotment to qualified institutional buyers who are promoters or persons related to promoters (subject to an exception for lenders without shareholding). In combined offerings of non-convertible debt with warrants investors may subscribe to the combined or individual securities, and applicants may not withdraw bids after issue closure. Rights deeming a buyer related include shareholders' or voting agreement rights, veto rights, or the right to appoint a nominee director.
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.
Restrictions on allotment in qualified institutions placement bar promoters and related persons and require minimum allocation to mutual funds.
Restrictions on allotment in a qualified institutions placement require a minimum allocation to mutual funds with unsubscribed portions reallocated to other qualified institutional buyers, and prohibit allotment to qualified institutional buyers who are promoters or persons related to promoters (subject to an exception for lenders without shareholding). In combined offerings of non-convertible debt with warrants investors may subscribe to the combined or individual securities, and applicants may not withdraw bids after issue closure. Rights deeming a buyer related include shareholders' or voting agreement rights, veto rights, or the right to appoint a nominee director.
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