Timely dispatch of allotment letters: companies must file undertakings and exchanges may penalise delays. Companies must ensure timely dispatch of allotment letters/certificates and refund orders within the ten week limit under Section 73; listing applications must include a signed undertaking and a detailed compliance scheme, a post expiry certificate must be filed with the regional exchange and endorsed to the Controller of Capital Issues, and stock exchanges are directed to monitor compliance, conduct checks, and impose penalties for delays while coordinating with registrars and postal authorities.
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.
Timely dispatch of allotment letters: companies must file undertakings and exchanges may penalise delays.
Companies must ensure timely dispatch of allotment letters/certificates and refund orders within the ten week limit under Section 73; listing applications must include a signed undertaking and a detailed compliance scheme, a post expiry certificate must be filed with the regional exchange and endorsed to the Controller of Capital Issues, and stock exchanges are directed to monitor compliance, conduct checks, and impose penalties for delays while coordinating with registrars and postal authorities.
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