Regulation 106L - Utilisation of funds raised in rights issue
Effective from 01.12.2015
106L.Inserted vide SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011, w.e.f.23.09.2011. To view the notification,Click Here(1) The issuer shall utilise funds raised in relation to the IDRs pursuant to the rights offering only upon completion of the allotment process.
SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011, w.e.f. 23.09.2011