Timely transmission of application data required to Registrar to enable prompt allotment after issue closure. Bankers to an Issue must forward investor applications, collection figures and application monies to the Registrar, the lead manager and the issuer within a short prescribed period after issue closure, and the designated controlling branch must send daily statements of applications and amounts received; these obligations apply to all issues including book-built issues and require appropriate systems and procedures to ensure compliance.
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 transmission of application data required to Registrar to enable prompt allotment after issue closure.
Bankers to an Issue must forward investor applications, collection figures and application monies to the Registrar, the lead manager and the issuer within a short prescribed period after issue closure, and the designated controlling branch must send daily statements of applications and amounts received; these obligations apply to all issues including book-built issues and require appropriate systems and procedures to ensure compliance.
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