Regulation 266 - Period of subscription - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

Period of subscription 266. (1) Except as otherwise provided in these regulations, a public issue shall be kept open for at least three working days and not more than ten working days. (2) In case of a revision in the price band, the issuer shall extend the bidding (issue) period disclosed in the red herring prospectus, for a minimum period of three working days, subject to the provisions of sub-regulation (1). (3) In case of force majeure, banking strike or similar 2 [ unforeseen ] circumstances, the issuer may, for reasons to be recorded in writing, extend the bidding (issue) period disclosed in the red herring prospectus (in case of a book built issue) or the issue period disclosed in the prospectus (in case of a fixed price issue), for a minimum period of 1 [ one working day ] , subject to the provisions of sub-regulation (1). *************** NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/178 dated 17-05-2024 before it was read as, three working days 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/178 dated 17-05-2024