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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Provisions expressly mentioned in the judgment/order text.
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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