Securities And Exchange Board Of India - Subsection
Section 267(1) in The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
(1)A person shall not make an application in the net offer category for a number of specified securities that exceeds the total number of specified securities offered to the public.Provided that the maximum application by non-institutional investors shall not exceed total number of specified securities offered in the issue less total number of specified securities offered in the issue to qualified institutional buyers.
