https://www.taxtmi.com/acts?id=33609 Release of subscription money requires lead manager(s) to confirm to bankers that listing and trading approvals and all issue formalities are complete so bankers may release proceeds or refunds; failure to obtain listing mandates refund of all monies by verifiable means within the prescribed period, failing which the issuer and defaulting directors are jointly and severally liable to repay with interest; lead managers must ensure release complies with applicable Companies Act provisions. en-us Fri, 21 Dec 2018 14:19:12 +0530 Mon, 12 Aug 2024 10:28:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33609 Release of subscription money requires lead manager(s) to confirm to bankers that listing and trading approvals and all issue formalities are complete so bankers may release proceeds or refunds; failure to obtain listing mandates refund of all monies by verifiable means within the prescribed period, failing which the issuer and defaulting directors are jointly and severally liable to repay with interest; lead managers must ensure release complies with applicable Companies Act provisions. Act-Rules SEBI Fri, 21 Dec 2018 14:19:12 +0530 https://www.taxtmi.com/acts?id=33609