Basis of allotment must be finalised by exchange executives, lead bankers and registrars to ensure a fair procedure. The executive director or managing director of the stock exchange where Indian Depository Receipts are to be listed, together with post-issue lead merchant bankers and registrars to the issue, must ensure that the basis of allotment is finalised in a fair and proper manner in accordance with the allotment procedure prescribed in the applicable allotment schedule.
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.
Basis of allotment must be finalised by exchange executives, lead bankers and registrars to ensure a fair procedure.
The executive director or managing director of the stock exchange where Indian Depository Receipts are to be listed, together with post-issue lead merchant bankers and registrars to the issue, must ensure that the basis of allotment is finalised in a fair and proper manner in accordance with the allotment procedure prescribed in the applicable allotment schedule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
