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        SEBI

        Issue of No Objection Certificate for release of 1% of issue amount

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        Security deposit requirement aligned to issuance regulations; NOC process for release by designated exchange is modified. Issuer companies must deposit a security deposit with the designated stock exchange for specified issuances and follow SEBI's procedure for issuance of a No Objection Certificate to permit release. Effective December 1, 2015, references to the Listing Agreement are replaced by specific issuance regulations (Issue of Capital and Disclosure Requirements 2009; Issue and Listing of Debt Securities 2008; Issue and Listing of Non-Convertible Redeemable Preference Shares 2013; Public Offer and Listing of Securitised Debt Instruments 2008), and the words 'Listing Agreement' are deleted where specified.
                          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.

                                Security deposit requirement aligned to issuance regulations; NOC process for release by designated exchange is modified.

                                Issuer companies must deposit a security deposit with the designated stock exchange for specified issuances and follow SEBI's procedure for issuance of a No Objection Certificate to permit release. Effective December 1, 2015, references to the Listing Agreement are replaced by specific issuance regulations (Issue of Capital and Disclosure Requirements 2009; Issue and Listing of Debt Securities 2008; Issue and Listing of Non-Convertible Redeemable Preference Shares 2013; Public Offer and Listing of Securitised Debt Instruments 2008), and the words "Listing Agreement" are deleted where specified.


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