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    <title>Private placement</title>
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    <description>Private placements of equity by recognised stock exchanges must comply with statutory and regulatory frameworks: unlisted exchanges must follow the Companies Act and the Unlisted Public Companies (Preferential Allotment) Rules, 2003; listed exchanges must follow the Companies Act and the Board&#039;s Guidelines or Regulations on preferential issues; placements to fifty or more persons require compliance with the Companies Act and the Board&#039;s Guidelines or Regulations applicable to public issue of capital.</description>
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      <description>Private placements of equity by recognised stock exchanges must comply with statutory and regulatory frameworks: unlisted exchanges must follow the Companies Act and the Unlisted Public Companies (Preferential Allotment) Rules, 2003; listed exchanges must follow the Companies Act and the Board&#039;s Guidelines or Regulations on preferential issues; placements to fifty or more persons require compliance with the Companies Act and the Board&#039;s Guidelines or Regulations applicable to public issue of capital.</description>
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