POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Security deposit requirement: issuers must deposit a specified portion of the public issue with the exchange before subscription; refundable or forfeitable. Issuers were required, before opening the subscription list, to deposit with the designated stock exchange a specified portion of the public issue as ... Summary
Security deposit requirement: issuers must deposit a specified portion of the public issue with the exchange before subscription; refundable or forfeitable.
Issuers were required, before opening the subscription list, to deposit with the designated stock exchange a specified portion of the public issue as determined by the Board and/or exchange; that deposit was refundable or forfeitable in the manner prescribed by the Board. The regulation imposing this requirement has been omitted by a later notification.
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