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.
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: 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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