- Any person connected with the issue, shall not offer any incentive, whether direct or indirect, in any manner, whether in cash or kind or services or otherwise to any person for making an application in the initial public offer, except for fees or commission for services rendered in relation to the issue.
Chapter VIII — – Issuance Conditions and Procedure 129. Allocation in the net offer.
Section 134
Prohibition on payment of incentives
Printed from Law on Tips • The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018