Post-issue responsibilities of lead managers: continuous oversight of processing, allotment, listing and reporting obligations. Lead manager(s) remain responsible until completion of issue processes and thereafter, including monitoring investor grievance redressal, coordinating with registrars and intermediaries on application flows, ASBA processing, finalisation of allotment, credit of securities to demat accounts, unblocking ASBA accounts or dispatching refunds, securing listing agreements and listing or trading permission, reporting omissions or commissions by intermediaries to the Board, and ensuring issuance of devolvement notices and reporting failures by underwriters in the prescribed format.
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Provisions expressly mentioned in the judgment/order text.
Post-issue responsibilities of lead managers: continuous oversight of processing, allotment, listing and reporting obligations.
Lead manager(s) remain responsible until completion of issue processes and thereafter, including monitoring investor grievance redressal, coordinating with registrars and intermediaries on application flows, ASBA processing, finalisation of allotment, credit of securities to demat accounts, unblocking ASBA accounts or dispatching refunds, securing listing agreements and listing or trading permission, reporting omissions or commissions by intermediaries to the Board, and ensuring issuance of devolvement notices and reporting failures by underwriters in the prescribed format.
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