Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2016 - SEBI/LAD-NRO/GN/2016-17/017 - SEBI
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Employee reservation allotment rules amended to allow proportionate allocation of unsubscribed shares subject to a per-employee cap. The amendment permits allocation of the unsubscribed portion of the employee reservation on a proportionate basis in under-subscription scenarios, subject to a value threshold for individual allotments and an overall per-employee maximum ceiling, thereby adding a procedural fallback to the existing allotment rules under the Issue of Capital and Disclosure Requirements.
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Employee reservation allotment rules amended to allow proportionate allocation of unsubscribed shares subject to a per-employee cap.
The amendment permits allocation of the unsubscribed portion of the employee reservation on a proportionate basis in under-subscription scenarios, subject to a value threshold for individual allotments and an overall per-employee maximum ceiling, thereby adding a procedural fallback to the existing allotment rules under the Issue of Capital and Disclosure Requirements.
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