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        SEBI

        Regulation 38 - Security deposit (Omitted)

        Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
        Part VIII
        ISSUANCE CONDITIONS AND PROCEDURE

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        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.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              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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