Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VI GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE
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Post-issue merchant banker responsibilities require registered dispatch, interest for delays, and issuers must report promoter trades promptly. Regulation 69 requires the post-issue merchant banker to despatch refund orders, allotment letters and share certificates by registered post or certificate of posting, pay interest for delayed dispatch as per offer document disclosure, and keep the issue open when subscription figures are indeterminate to avoid underwriter disputes. The issuer must report promoter and promoter-group transactions occurring between filing/registration and issue closure to the recognised stock exchanges within the short mandated reporting period.
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.
Post-issue merchant banker responsibilities require registered dispatch, interest for delays, and issuers must report promoter trades promptly.
Regulation 69 requires the post-issue merchant banker to despatch refund orders, allotment letters and share certificates by registered post or certificate of posting, pay interest for delayed dispatch as per offer document disclosure, and keep the issue open when subscription figures are indeterminate to avoid underwriter disputes. The issuer must report promoter and promoter-group transactions occurring between filing/registration and issue closure to the recognised stock exchanges within the short mandated reporting period.
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