Post-issue monitoring obligations require timely reporting, oversight of allotment and despatch, and disclosure to protect investors. The post-issue lead merchant banker must submit prescribed monitoring reports and a due diligence certificate, actively supervise allotment, refunds, despatch and investor grievance redressal, coordinate with registrars, bankers and underwriters, ensure bankers release funds only after listing permission, publish post-issue advertisements disclosing oversubscription and basis of allotment within prescribed timelines, and finalise a fair basis of allotment on a proportionate basis with retail reservation and required signatures; the lead banker remains responsible until subscribers receive securities or refunds and listing/trading permissions are obtained.
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 monitoring obligations require timely reporting, oversight of allotment and despatch, and disclosure to protect investors.
The post-issue lead merchant banker must submit prescribed monitoring reports and a due diligence certificate, actively supervise allotment, refunds, despatch and investor grievance redressal, coordinate with registrars, bankers and underwriters, ensure bankers release funds only after listing permission, publish post-issue advertisements disclosing oversubscription and basis of allotment within prescribed timelines, and finalise a fair basis of allotment on a proportionate basis with retail reservation and required signatures; the lead banker remains responsible until subscribers receive securities or refunds and listing/trading permissions are obtained.
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 
