https://www.taxtmi.com/acts?id=33491 Allotment in a rights issue must not exceed the securities offered in the letter of offer. Allotment priority is: full allotment to applicants for their rights entitlement and to renouncees (adjusted for fractions); equitable additional allotment to eligible shareholders who applied for extra securities based on holdings if under subscription remains; proportionate allotment to renouncees who applied for extra securities; and allotment to disclosed specific investors from any remaining under subscription. Designated stock exchange employees and registrars must finalise the basis of allotment fairly as prescribed. en-us Fri, 21 Dec 2018 12:10:55 +0530 Wed, 12 Mar 2025 11:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33491 Allotment in a rights issue must not exceed the securities offered in the letter of offer. Allotment priority is: full allotment to applicants for their rights entitlement and to renouncees (adjusted for fractions); equitable additional allotment to eligible shareholders who applied for extra securities based on holdings if under subscription remains; proportionate allotment to renouncees who applied for extra securities; and allotment to disclosed specific investors from any remaining under subscription. Designated stock exchange employees and registrars must finalise the basis of allotment fairly as prescribed. Act-Rules SEBI Fri, 21 Dec 2018 12:10:55 +0530 https://www.taxtmi.com/acts?id=33491