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of <h1>Issuers must allot securities within 30 days per Regulation 12A, or pay 15% interest annually.</h1> Regulation 12A under the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 mandates that issuers must allot securities offered to the public within thirty days of the public issue's closure. If the securities are not allotted or application monies are not refunded within this period, the issuer is required to pay an interest of fifteen percent per annum. Additionally, credits to the demat accounts of allottees must be completed within two working days from the date of allotment.
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