Undersubscribed issue reporting: merchant banker must report underwriter defaults to the Board as per prescribed format. When an IDR issue is undersubscribed, the merchant banker must furnish to the Board information on underwriters who failed to meet their underwriting devolvement, using the prescribed schedule format.
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.
Undersubscribed issue reporting: merchant banker must report underwriter defaults to the Board as per prescribed format.
When an IDR issue is undersubscribed, the merchant banker must furnish to the Board information on underwriters who failed to meet their underwriting devolvement, using the prescribed schedule format.
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