Registration conditions for bankers to an issue require control-change approval, binding duty allocation, investor grievance redressal, and ongoing disclosure. Registration granted to a banker to an issue is subject to prior approval for continuing after a change in control, a legally binding agreement allocating ... Summary
Registration conditions for bankers to an issue require control-change approval, binding duty allocation, investor grievance redressal, and ongoing disclosure.
Registration granted to a banker to an issue is subject to prior approval for continuing after a change in control, a legally binding agreement allocating duties with the relevant body corporate, and payment of prescribed registration fees. The banker must redress investor grievances within twenty-one calendar days, report complaint and redressal details, comply with applicable regulations, and immediately intimate changes in registration information. Fresh registration obligations remain applicable where required.
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