https://www.taxtmi.com/acts?id=33434 Reservation on a competitive basis allows issuers to reserve parts of an issue (excluding promoters' contribution) for employees and for shareholders of listed subsidiaries or listed promoter companies, while excluding lead managers, registrars, syndicate members and their group or associate entities. Reservations are subject to aggregate and individual limits for employee and shareholder pools, prohibition on further net offer applications by most reserved beneficiaries, rules for reallocating unsubscribed portions among reserved categories and eventual addition to the net offer, and permission for spill over from reserved categories to the net offer in case of under subscription. en-us Fri, 21 Dec 2018 11:44:53 +0530 Fri, 09 Aug 2024 14:30:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33434 Reservation on a competitive basis allows issuers to reserve parts of an issue (excluding promoters' contribution) for employees and for shareholders of listed subsidiaries or listed promoter companies, while excluding lead managers, registrars, syndicate members and their group or associate entities. Reservations are subject to aggregate and individual limits for employee and shareholder pools, prohibition on further net offer applications by most reserved beneficiaries, rules for reallocating unsubscribed portions among reserved categories and eventual addition to the net offer, and permission for spill over from reserved categories to the net offer in case of under subscription. Act-Rules SEBI Fri, 21 Dec 2018 11:44:53 +0530 https://www.taxtmi.com/acts?id=33434