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    <title>Issue of No Objection Certificate for release of 1% of issue amount</title>
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    <description>SEBI requires issuers to apply for a No Objection Certificate to release the deposit held with the designated stock exchange after four months from the last listing permission, filing the prescribed application through the post-issue lead merchant banker with the SEBI regional office having jurisdiction. Applications must evidence that bank guarantees have at least two months&#039; residual validity, investor complaints received by SEBI are resolved and monthly Action Taken Reports per Annexure C are submitted, and that all fees and commissions to intermediaries including ASBA banks have been paid, with supporting certificates and bank/DP statements for refund and securities escrow accounts.</description>
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