Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Securities Board Regulation 5: Incomplete Applications Rejected Unless Objections Addressed Within One Month; Extensions Possible with Justification.</h1> Regulation 5 of the Securities and Exchange Board of India (Underwriters) Regulations, 1993 mandates that any application not fully complete or not adhering to specified instructions will be rejected. However, applicants are given an opportunity to address any objections within one month before rejection. The Board may extend this period by an additional month if sufficient reasons are provided. Amendments in 1997 and 2006 updated the relevant sub-regulations and timeframes.
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