Section 45: Minimum subscription

Q: What does Section 45 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) deal with?

Section 45 ICDR Regulations pertains to "Minimum subscription". It is part of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a legislation enacted by the Parliament of India. Section 45 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) governs minimum subscription. As verified on 19 May 2026.

Q: Is Section 45 ICDR Regulations still in force?

Yes, Section 45 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 is currently in force across the Republic of India.

Q: What is धारा 45 ICDR Regulations?

धारा 45 ICDR Regulations is the Devanagari Hindi reference for Section 45 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Section 45 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) governs minimum subscription. As verified on 19 May 2026.

Q: What is Dhara 45 ICDR Regulations?

Dhara 45 ICDR Regulations is the Roman Hindi reference for Section 45 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. "Dhara" means "Section" in Hindi. Section 45 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) governs minimum subscription. As verified on 19 May 2026.

Q: How to cite Section 45 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018?

Cite as: "Section 45, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)" in legal briefs. For academic writing, use the BlueBook format: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, § 45 (India).

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(1)

The minimum subscription to be received in the issue shall be at least ninety per cent. of the offer through the offer document, except in case of an offer for sale of specified securities:

Provided that the minimum subscription to be received shall be subject to the allotment of minimum number of specified securities, as prescribed under the Securities Contracts (Regulation) Rules, 1957.

(2)

In the event of non-receipt of minimum subscription referred to in sub-regulation (1), all application monies received shall be refunded to the applicants forthwith, but not later than fifteen days from the closure of the issue.