Write notes on the following: Fast Track Issue

In 'Fast Track Issue' (FTI) well established listed companies are able to access Indian primary market in a time effective manner through follow-on public offerings and rights issues, by filing a copy of the Red Herring Prospectus (in case of book built issue)/Prospectus (in case of fixed price issue) registered with the Registrar of Companies or the letter of offer filed with Designated Stock Exchange, as the case may be, with SEBI and stock exchanges. According to the Regulation 10 of SEBI (ICDR) Regulations, 2009, filing of offer document are not applicable to public issue/right issue by a listed issuer company for making fast track issue, where the aggregate value of such securities, including premium, if any, exceeds ₹50 Lakhs, upon fulfilling certain conditions as prescribed under SEBI (ICDR) Regulations, 2009.