Regulation 46 - Period of subscription. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

Period of subscription. 46. (1) 1 [Except as otherwise provided in these regulations] a public issue shall be kept open for at least three working days but not more than ten working days including the days for which the issue is kept open in case of revision in price band. (2) In case the price band in a public issue made through the book building process is revised, the bidding (issue) period disclosed in the red herring prospectus shall be extended for a minimum period of three working days: Provided that the total bidding period shall not exceed ten working days. ****** 1 Inserted by SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2010, w.e.f. 13.04.2010.