Maintenance of records: bankers must retain investor application and refund records and notify regulator of storage. Bankers to an issue must maintain records of investor applications (numbers, names, dates, amounts), forwarding times to the issuer/registrar, refund ... Summary
Maintenance of records: bankers must retain investor application and refund records and notify regulator of storage.
Bankers to an issue must maintain records of investor applications (numbers, names, dates, amounts), forwarding times to the issuer/registrar, refund payments, and dividend/interest warrants; must intimate the regulator the location of such records; and must preserve the specified records for a minimum period of eight years.
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