6. Write Short Notes on the following: (a) Entities not eligible for Right Issue

Regulation 61 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 stipulates that an issuer shall not be eligible to make a rights issue of specified securities: if the issuer, any of its promoters, promoter group or directors of the issuer are debarred from accessing the capital market by the SEBI, if any of the promoters or directors of the issuer is a promoter or director of any other company which is debarred from accessing the capital market by the SEBI, if any of its promoters or directors is a fugitive economic offender. The restrictions under (a) and (b) above will not apply to the persons or entities mentioned therein who were debarred in the past by the SEBI and the period of debarment is already over as on the date of filing of the draft letter of offer with the SEBI.