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        SEBI

        Regulation 106J - Period of subscription and issue of allotment letter

        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 subscription period must follow home country timing and allotment letters must be sent concurrently to IDR holders. A rights issue of Indian Depository Receipts shall be open for subscription in India for the period applicable under the laws of its home country but not less than ten days, and the issuing company must send the allotment letter to IDR holders at the time it is sent to shareholders in accordance with home country or other listing jurisdiction requirements.
                          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 subscription period must follow home country timing and allotment letters must be sent concurrently to IDR holders.

                                A rights issue of Indian Depository Receipts shall be open for subscription in India for the period applicable under the laws of its home country but not less than ten days, and the issuing company must send the allotment letter to IDR holders at the time it is sent to shareholders in accordance with home country or other listing jurisdiction requirements.


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