Upfront Money in SEBI Preferential Guidelines

Is there any change in the 10% Upfront Money clause of SEBI Guidelines for preferential Allotment. Plz update.  Thanks

 

Replies (1)

Hi Ankur,

 Are you talking about the clause 13.1.2.3 (a) of the SEBI  Guidelines?

In that case 10% is substituted by 25% by SEBI vide circular dated 24th Feb, 2009

 

 

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