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    <title>Public issue of Debt Securities- Prohibition on payment of incentives</title>
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    <description>Persons connected with the issue, including distributors, are prohibited from offering any incentive, direct or indirect, in cash, kind, services or otherwise to any person for making an application for allotment of specified debt securities; legitimate fees or commission for services rendered in relation to the issue are exempt. Recognized stock exchanges must notify and disseminate the prohibition to their members, the measure being issued under the regulator&#039;s market-protection and debt-issuance regulatory powers to protect investor interests and curb issuance cost distortions.</description>
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