Regulation 85 - Opening of the issue - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

Opening of the issue 85. Subject to the compliance with the provisions of the Companies Act, 2013 , a rights issue may be opened within twelve months from the date of issuance of the observations by the Board under regulation 71 . Provided that in case of a fast track issue, the issue shall open within twelve months from the record date.