https://www.taxtmi.com/acts?id=33537 Under Regulation 136 issuers must, before filing the prospectus or red herring prospectus, enter into underwriting agreements with registered merchant bankers/stock brokers (for non book built offers) or with lead managers and syndicate members (for book built offers) specifying the number of securities to be subscribed at prices not less than the issue price and disclosing such underwriting. For book built issues, lead managers and syndicate members underwrite subject to specified exclusions for offers to qualified institutional buyers; lead managers bear minimum underwriting obligations and must cover syndicate defaults, and subscriptions are limited to fulfilling underwriting commitments. en-us Fri, 21 Dec 2018 12:56:24 +0530 Tue, 13 Aug 2024 11:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33537 Under Regulation 136 issuers must, before filing the prospectus or red herring prospectus, enter into underwriting agreements with registered merchant bankers/stock brokers (for non book built offers) or with lead managers and syndicate members (for book built offers) specifying the number of securities to be subscribed at prices not less than the issue price and disclosing such underwriting. For book built issues, lead managers and syndicate members underwrite subject to specified exclusions for offers to qualified institutional buyers; lead managers bear minimum underwriting obligations and must cover syndicate defaults, and subscriptions are limited to fulfilling underwriting commitments. Act-Rules SEBI Fri, 21 Dec 2018 12:56:24 +0530 https://www.taxtmi.com/acts?id=33537