Equal opportunity of allotment for STOCKINVEST applications to prevent discriminatory treatment in public issue allotments. The circular directs stock exchanges to ensure STOCKINVEST applications receive the same opportunity of allotment as applications made by cheque, demand draft or cash, prohibiting discriminatory sorting or tabulation that would disadvantage STOCKINVEST applicants, and noting that allotments are made by companies in consultation with exchanges.
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.
Equal opportunity of allotment for STOCKINVEST applications to prevent discriminatory treatment in public issue allotments.
The circular directs stock exchanges to ensure STOCKINVEST applications receive the same opportunity of allotment as applications made by cheque, demand draft or cash, prohibiting discriminatory sorting or tabulation that would disadvantage STOCKINVEST applicants, and noting that allotments are made by companies in consultation with exchanges.
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