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of <h1>Regulation 33A: Subscription Period for Debt Securities Must Be 2-10 Days; Extensions Possible Under Specific Conditions.</h1> Regulation 33A of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, outlines the subscription period for public issues of debt securities and non-convertible redeemable preference shares. The subscription period must be open for a minimum of two working days and a maximum of ten working days. If the price band or yield is revised, the issuer must extend the bidding period by at least one working day, without exceeding the ten-day maximum. In extraordinary circumstances like force majeure or banking strikes, the issuer may extend the bidding period, but it must remain within the ten-day limit.
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