https://www.taxtmi.com/acts?id=33603 The regulation mandates a minimum subscription of ninety per cent. of the offer; if not met, issuers must refund all subscription monies forthwith through verifiable means and, upon delayed refund, pay interest for the period of delay. For underwritten issues the same refund and interest obligations apply when underwriters fail to prevent undersubscription, and lead managers must report underwriters who default on devolvement in the specified format. en-us Fri, 21 Dec 2018 14:17:58 +0530 Mon, 12 Aug 2024 10:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33603 The regulation mandates a minimum subscription of ninety per cent. of the offer; if not met, issuers must refund all subscription monies forthwith through verifiable means and, upon delayed refund, pay interest for the period of delay. For underwritten issues the same refund and interest obligations apply when underwriters fail to prevent undersubscription, and lead managers must report underwriters who default on devolvement in the specified format. Act-Rules SEBI Fri, 21 Dec 2018 14:17:58 +0530 https://www.taxtmi.com/acts?id=33603