Relaxation of listing procedures extended; issuers must complete refunds by the next business day and ensure registrar data accuracy. SEBI extends specified one time procedural relaxations for Rights Issues to apply for issues opening up to September 30, 2021, provided issuers and Lead Managers continue to comply with the remaining conditions of the May 6, 2020 circular. Issuers, Lead Managers, Registrars and other intermediaries must ensure refunds for un allotted or partially allotted applications are completed by the business day after the basis of allotment and that refund instruction data is error free, with prompt remediation of any technical rejections.
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.
Relaxation of listing procedures extended; issuers must complete refunds by the next business day and ensure registrar data accuracy.
SEBI extends specified one time procedural relaxations for Rights Issues to apply for issues opening up to September 30, 2021, provided issuers and Lead Managers continue to comply with the remaining conditions of the May 6, 2020 circular. Issuers, Lead Managers, Registrars and other intermediaries must ensure refunds for un allotted or partially allotted applications are completed by the business day after the basis of allotment and that refund instruction data is error free, with prompt remediation of any technical rejections.
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