Security deposit requirement removed; exchanges must adopt SOP for previously deposited funds and notify listed issuers. Requirement to deposit a 1% security deposit of issue size with the designated stock exchange under the ICDR Regulations has been dispensed with and the Master Circular on issuance of No Objection Certificate for that deposit is withdrawn with immediate effect. Stock exchanges must jointly frame an SOP for release of security deposits deposited before the amendment, notify listed companies, publish the change on their websites, and amend bye laws, rules and regulations as necessary to implement the circular.
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 removed; exchanges must adopt SOP for previously deposited funds and notify listed issuers.
Requirement to deposit a 1% security deposit of issue size with the designated stock exchange under the ICDR Regulations has been dispensed with and the Master Circular on issuance of No Objection Certificate for that deposit is withdrawn with immediate effect. Stock exchanges must jointly frame an SOP for release of security deposits deposited before the amendment, notify listed companies, publish the change on their websites, and amend bye laws, rules and regulations as necessary to implement the circular.
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