Maintenance of Security Deposit of 1% of the amount of securities offered to public/shareholders by issuer companies with the designated stock exchanges https://www.taxtmi.com/circulars?id=58839 Stock exchanges must ensure issuer companies maintain the required security deposit before opening subscription lists and keep it intact; they must recoup shortfalls from expired bank guarantees by obtaining cash or fresh/renewed guarantees, implement a tracking system with alerts at least one month before guarantee expiry, and invoke guarantees if issuers fail to restore deposits within the specified timeframe. Exchanges may not adjust the security deposit against any dues of the issuer and must implement these directions within the regulator-prescribed compliance period. en-us Fri, 05 Dec 2008 00:00:00 +0530 Mon, 31 Dec 2018 15:41:00 +0530 TaxTMI RSS Generator Maintenance of Security Deposit of 1% of the amount of securities offered to public/shareholders by issuer companies with the designated stock exchanges https://www.taxtmi.com/circulars?id=58839 Stock exchanges must ensure issuer companies maintain the required security deposit before opening subscription lists and keep it intact; they must recoup shortfalls from expired bank guarantees by obtaining cash or fresh/renewed guarantees, implement a tracking system with alerts at least one month before guarantee expiry, and invoke guarantees if issuers fail to restore deposits within the specified timeframe. Exchanges may not adjust the security deposit against any dues of the issuer and must implement these directions within the regulator-prescribed compliance period. Circulars SEBI Fri, 05 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58839