Banker to an issue: expanded definition includes escrow services and separate public offer accounts under regulatory rules. Definitions establish a banker to an issue as a scheduled bank or specified banking company undertaking acceptance of application, allotment and call monies, refunds, payment of dividends or interest warrants, escrow services for issue management, and opening separate bank accounts for public offer proceeds; 'scheduled bank', 'Reserve Bank', and 'form' are also defined. Change in control for bodies corporate is construed by reference to listing status - regulated definitions under the Act when listed, and Companies Act definitions of control or controlling interest when unlisted.
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Provisions expressly mentioned in the judgment/order text.
Banker to an issue: expanded definition includes escrow services and separate public offer accounts under regulatory rules.
Definitions establish a banker to an issue as a scheduled bank or specified banking company undertaking acceptance of application, allotment and call monies, refunds, payment of dividends or interest warrants, escrow services for issue management, and opening separate bank accounts for public offer proceeds; "scheduled bank", "Reserve Bank", and "form" are also defined. Change in control for bodies corporate is construed by reference to listing status - regulated definitions under the Act when listed, and Companies Act definitions of control or controlling interest when unlisted.
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