https://www.taxtmi.com/acts?id=33454 Lead manager(s) must confirm to bankers, via listing and trading approvals, that issuance formalities are complete before bankers release subscription monies; if the issuer fails to obtain listing or trading permission it must refund all monies received through verifiable means within the prescribed period after intimation of rejection, and if not repaid within that period the issuer and every director who is an officer in default become jointly and severally liable to repay the money with interest; lead manager(s) must ensure release of monies complies with the Companies Act provision on release of securities money. en-us Fri, 21 Dec 2018 11:49:24 +0530 Mon, 17 Mar 2025 15:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33454 Lead manager(s) must confirm to bankers, via listing and trading approvals, that issuance formalities are complete before bankers release subscription monies; if the issuer fails to obtain listing or trading permission it must refund all monies received through verifiable means within the prescribed period after intimation of rejection, and if not repaid within that period the issuer and every director who is an officer in default become jointly and severally liable to repay the money with interest; lead manager(s) must ensure release of monies complies with the Companies Act provision on release of securities money. Act-Rules SEBI Fri, 21 Dec 2018 11:49:24 +0530 https://www.taxtmi.com/acts?id=33454