https://www.taxtmi.com/acts?id=35664 Regulation 32 sets the minimum promoters' contribution for public and composite issues: generally twenty per cent of post-issue capital or of the proposed issue size, with limited alternative investment fund support for shortfalls. Convertible securities may satisfy the requirement by subscription or equity on conversion, subject to pre-determined conversion pricing and weighted average price rules. Promoters must deposit the contribution in an escrow at least one day before issue opening, disclose prior use if already utilised, and comply with staged funding for very large contributions; computation is on a post-issue expanded capital basis. en-us Mon, 28 Jan 2019 10:36:56 +0530 Mon, 28 Jan 2019 10:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35664 Regulation 32 sets the minimum promoters' contribution for public and composite issues: generally twenty per cent of post-issue capital or of the proposed issue size, with limited alternative investment fund support for shortfalls. Convertible securities may satisfy the requirement by subscription or equity on conversion, subject to pre-determined conversion pricing and weighted average price rules. Promoters must deposit the contribution in an escrow at least one day before issue opening, disclose prior use if already utilised, and comply with staged funding for very large contributions; computation is on a post-issue expanded capital basis. Act-Rules SEBI Mon, 28 Jan 2019 10:36:56 +0530 https://www.taxtmi.com/acts?id=35664