Security deposit requirement removed; issuers previously required to deposit a proportion of issue size with exchange before subscription. Regulation 38 required issuers to deposit with the designated stock exchange a proportion of the public issue size before opening the subscription list, ... Summary
Security deposit requirement removed; issuers previously required to deposit a proportion of issue size with exchange before subscription.
Regulation 38 required issuers to deposit with the designated stock exchange a proportion of the public issue size before opening the subscription list, with that deposit to be refundable or forfeitable as specified by the Board or stock exchange; this provision has been omitted by a subsequent notification.
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