Underwriter agreement requirement: specify duties, underwriting obligations, subscription timeframe and commission in writing. Regulation 14 mandates that every underwriter enter a written agreement with each client specifying the agreement period, allocation of duties and responsibilities, amount of underwriting obligations, the period for subscribing to the issue after intimation, commission or brokerage payable, and any arrangements made by the underwriter to fulfil underwriting obligations.
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.
Underwriter agreement requirement: specify duties, underwriting obligations, subscription timeframe and commission in writing.
Regulation 14 mandates that every underwriter enter a written agreement with each client specifying the agreement period, allocation of duties and responsibilities, amount of underwriting obligations, the period for subscribing to the issue after intimation, commission or brokerage payable, and any arrangements made by the underwriter to fulfil underwriting obligations.
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