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        SEBI

        Regulation 16B - Omitted

        Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
        Chapter III
        LISTING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES

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        Security deposit obligation for issuers of non-convertible redeemable preference shares requires pre-subscription deposit and specified refund or forfeiture. Issuers of non-convertible redeemable preference shares were required to deposit a specified percentage of the amount offered for public subscription with the stock exchange before opening the subscription list; the manner of deposit and the conditions for refund or forfeiture were to be specified by the Board and/or the stock exchange.
                          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 obligation for issuers of non-convertible redeemable preference shares requires pre-subscription deposit and specified refund or forfeiture.

                                Issuers of non-convertible redeemable preference shares were required to deposit a specified percentage of the amount offered for public subscription with the stock exchange before opening the subscription list; the manner of deposit and the conditions for refund or forfeiture were to be specified by the Board and/or the stock exchange.


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