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of <h1>SEBI Issues New Procedure for No Objection Certificate to Release 1% Issue Amount Deposit After Listing.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) outlines the procedure for obtaining a No Objection Certificate (NOC) for the release of 1% of the issue amount deposited by issuers with the designated stock exchange. Issuers must apply for the NOC after two months from listing, ensuring all complaints are resolved and ASBA accounts are unblocked. The Post Issue Lead Merchant Banker must confirm compliance, and SEBI will issue the NOC after verifying complaint resolutions and fee payments. The circular replaces previous directives and mandates compliance by listed companies and merchant bankers.
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