https://www.taxtmi.com/acts?id=15475 Companies must obtain permission from recognised stock exchange(s) before a public offer and disclose the exchange(s) in the prospectus. Subscription monies must be kept in a separate scheduled bank account and used only to adjust allotments where the securities are permitted to be dealt with in the specified exchange(s) or to repay applicants within the time set by the securities regulator if allotment cannot be made. Waiver clauses are void. Company and officer liability applies for noncompliance, and payment of commission is allowed subject to prescribed conditions. en-us Mon, 19 Dec 2011 17:29:25 +0530 Mon, 19 Dec 2011 17:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15475 Companies must obtain permission from recognised stock exchange(s) before a public offer and disclose the exchange(s) in the prospectus. Subscription monies must be kept in a separate scheduled bank account and used only to adjust allotments where the securities are permitted to be dealt with in the specified exchange(s) or to repay applicants within the time set by the securities regulator if allotment cannot be made. Waiver clauses are void. Company and officer liability applies for noncompliance, and payment of commission is allowed subject to prescribed conditions. Act-Rules Bills Mon, 19 Dec 2011 17:29:25 +0530 https://www.taxtmi.com/acts?id=15475