https://www.taxtmi.com/acts?id=33663 Appointment of a monitoring agency is required when the net issue size exceeds the specified threshold, excluding certain financial institutions; the agency must be a credit rating agency registered with the Board and must submit quarterly Schedule XI reports until the proceeds are substantially utilised. The issuer's board and management must comment on those findings, and the issuer must disseminate the quarterly report within forty-five days to its website and stock exchanges. If no monitoring agency is required, a statutory auditor's certificate on utilisation must be submitted to SME exchanges with quarterly financial filings, and where working capital is funded above a threshold, similar auditor certification is required. en-us Fri, 21 Dec 2018 14:43:06 +0530 Wed, 12 Mar 2025 14:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33663 Appointment of a monitoring agency is required when the net issue size exceeds the specified threshold, excluding certain financial institutions; the agency must be a credit rating agency registered with the Board and must submit quarterly Schedule XI reports until the proceeds are substantially utilised. The issuer's board and management must comment on those findings, and the issuer must disseminate the quarterly report within forty-five days to its website and stock exchanges. If no monitoring agency is required, a statutory auditor's certificate on utilisation must be submitted to SME exchanges with quarterly financial filings, and where working capital is funded above a threshold, similar auditor certification is required. Act-Rules SEBI Fri, 21 Dec 2018 14:43:06 +0530 https://www.taxtmi.com/acts?id=33663