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of <h1>Issuers Collecting Subscription in Installments Must Call Outstanding Amounts Within 12 Months Unless Monitoring Agency Appointed (Reg 137)</h1> If an issuer plans to collect subscription monies in installments, the outstanding amount must be called within twelve months from the date of allotment. Failure by an applicant to pay within this period results in the forfeiture of the equity shares and any subscription money already paid. However, this twelve-month requirement is waived if the issuer appoints a monitoring agency as per regulation 137 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
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