Regulation 106I - Dispatch of abridged letter of offer and application form
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XA RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Rights issue dispatch rules require abridged offer and application be mailed and published; plain-paper applications permitted but no renunciation. Regulation 106I requires the abridged letter of offer and application form for IDR rights offerings to be dispatched by registered or speed post and published on the issuer's website simultaneously with availability to equity holders; hard copies must be available on request. Eligible IDR holders who do not receive the form may apply on plain paper with payment within the acceptance period, but such plain-paper applicants cannot renounce their rights and dual submissions (form and plain paper) may be rejected. Issue price and ratio are fixed with the record date per home country rules.
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.
Rights issue dispatch rules require abridged offer and application be mailed and published; plain-paper applications permitted but no renunciation.
Regulation 106I requires the abridged letter of offer and application form for IDR rights offerings to be dispatched by registered or speed post and published on the issuer's website simultaneously with availability to equity holders; hard copies must be available on request. Eligible IDR holders who do not receive the form may apply on plain paper with payment within the acceptance period, but such plain-paper applicants cannot renounce their rights and dual submissions (form and plain paper) may be rejected. Issue price and ratio are fixed with the record date per home country rules.
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