State the requirements under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 with respect to: (ii) Minimum allottees
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2016
State the requirements under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 with respect to: (ii) Minimum allottees
Answer & Explanation:
Minimum allottees (Regulation 26 (4)) An issuer shall not make an allotment pursuant to a public issue if the number of prospective allottees is less than one thousand.
Topics: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
Related Questions in this Topic
- Explain the restrictions on allotment under qualified institutional placement for due diligence.
- Who is not eligible for making public issue of specified securities under SEBI (Issue of Capital and Disclosure Requirem...
- State the requirements under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 with respect to: (v) ...
- State the requirements under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 with respect to: (iv)...
- Bright Star Ltd. made a public issue of 10 crore shares at ₹200 per share. 3 Crore shares were offered to retail categor...