https://www.taxtmi.com/acts?id=33554 Price stabilisation via a green shoe option requires shareholder authorisation, appointment of a lead manager as stabilising agent, pre-filing agreements with the stabilising agent and lenders, and limits over-allotment to fifteen per cent. Borrowed securities must be dematerialised and allocated pro rata. The stabilising agent determines purchase timing, quantity and price during a maximum thirty-day period, operates special bank and depository accounts, returns purchased securities within two working days after stabilisation, and if purchases are insufficient the issuer must allot securities at issue price within five days. The agent must remit monies, report daily and finally, transfer residual funds to the Investor Protection and Education Fund, and retain a three-year register. en-us Fri, 21 Dec 2018 13:00:30 +0530 Sat, 10 Aug 2024 10:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33554 Price stabilisation via a green shoe option requires shareholder authorisation, appointment of a lead manager as stabilising agent, pre-filing agreements with the stabilising agent and lenders, and limits over-allotment to fifteen per cent. Borrowed securities must be dematerialised and allocated pro rata. The stabilising agent determines purchase timing, quantity and price during a maximum thirty-day period, operates special bank and depository accounts, returns purchased securities within two working days after stabilisation, and if purchases are insufficient the issuer must allot securities at issue price within five days. The agent must remit monies, report daily and finally, transfer residual funds to the Investor Protection and Education Fund, and retain a three-year register. Act-Rules SEBI Fri, 21 Dec 2018 13:00:30 +0530 https://www.taxtmi.com/acts?id=33554