DISCLOSURES IN AND FILING OF LETTERS OF OFFER - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
DISCLOSURES IN AND FILING OF LETTERS OF OFFER - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Security deposit requirement removed - issuers no longer must deposit a statutory percentage of issue size before subscription. The regulation omits the prior security deposit requirement that required the issuer, before opening the subscription list, to deposit with the designated ... Summary
Security deposit requirement removed - issuers no longer must deposit a statutory percentage of issue size before subscription.
The regulation omits the prior security deposit requirement that required the issuer, before opening the subscription list, to deposit with the designated stock exchange a specified percentage of the issue size; that amount was refundable or forfeitable as specified by the Board, and the provision was omitted by notification dated 17-05-2024.
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