Regulation 33A - Period of subscription - Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021

1 [ Period of subscription 33A . (1) A public issue of debt securities or, non-convertible redeemable preference shares shall be kept open for a minimum of 2 [ two ] working days and a maximum of ten working days. (2) In case of a revision in the price band or yield, the issuer shall extend the bidding (issue) period disclosed in the offer document for a minimum period of 3 [ one working day ] : Provided that the overall bidding (issue) period shall not exceed the maximum number of days, as provided in sub-regulation (1). (3) In case of force majeure, banking strike or similar circumstances, the issuer may, for reasons to be recorded in writing, extend the bidding (issue) period disclosed in the offer document: Provided that the overall bidding (issue) period shall not exceed the maximum number of days, as provided in sub-regulation (1). ] ************ NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/119 dated 02-02-2023 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/205 dated 17-09-2024 before it was read as, three 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/205 dated 17-09-2024 before it was read as, three working days