Regulation 102 of SEBI (ICDR) 2018 stipulates certain conditions that make companies ineligible to make a Follow-on Public Offer (FPO). Which are those conditions ? Explain in brief.

Entities not eligible to make a FPO (Regulation 102 of SEBI (ICDR) Regulations, 2018) An issuer shall not be eligible to make a FPO of specified securities if: - The issuer or any of its promotors/promotor group/directors/selling shareholders are debarred from accessing the capital market by SEBI. If any of the promotors/directors of the issuer is a promotor or a director of any other company which is debarred from accessing the capital market by SEBI. If the issuer or any of its promotors/directors is a willful defaulter or a fraudulent borrower. If any of the promotors/directors is a fugitive economic offender. Restrictions under (a) and (b) above shall not apply to the persons or entities mentioned therein, who were debarred in the past by SEBI and the period of debarment is already over as on the date of filing of the draft offer document with SEBI.