Regulation 46 - Period of subscription
Effective from 26-08-2009
(1) 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.
Inserted vide SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2010, w.e.f. 13.04.2010. To view the notification,Click Here
SEBI (Issue of Capital and Disclosure Require-ments) (Third Amendment) Regulations, 2010 dated 13.04.2010