Market making and subscribing to unsubscribed portions exempted from specified FII restrictions when under merchant banker agreements. The amendment inserts provisos to regulation 15(3) clauses (a) and (c) excluding from those clauses any transaction by a Foreign Institutional Investor pursuant to an agreement with the merchant banker for market making or for subscribing to the unsubscribed portion of an issue, provided such activities are conducted in accordance with Chapter XA of the Issue of Capital and Disclosure Requirements Regulations, 2009.
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.
Market making and subscribing to unsubscribed portions exempted from specified FII restrictions when under merchant banker agreements.
The amendment inserts provisos to regulation 15(3) clauses (a) and (c) excluding from those clauses any transaction by a Foreign Institutional Investor pursuant to an agreement with the merchant banker for market making or for subscribing to the unsubscribed portion of an issue, provided such activities are conducted in accordance with Chapter XA of the Issue of Capital and Disclosure Requirements Regulations, 2009.
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