https://www.taxtmi.com/acts?id=35646 Regulation 13 requires underwriters for public issues and rights issues to be appointed per underwriter regulations; book-built issues are underwritten by book runners or syndicate members, subject to limits on the portion allotted to qualified institutional buyers. The issuer enters an underwriting agreement with the book runner, who agrees with syndicate members on specified securities and predetermined price for under-subscription. Lead book runners must cover syndicate defaults and satisfy minimum underwriting obligations; underwriting may only be used to fulfil obligations and, if the entire offer is underwritten, obligations cover the whole offer. en-us Mon, 28 Jan 2019 09:54:33 +0530 Mon, 28 Jan 2019 10:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35646 Regulation 13 requires underwriters for public issues and rights issues to be appointed per underwriter regulations; book-built issues are underwritten by book runners or syndicate members, subject to limits on the portion allotted to qualified institutional buyers. The issuer enters an underwriting agreement with the book runner, who agrees with syndicate members on specified securities and predetermined price for under-subscription. Lead book runners must cover syndicate defaults and satisfy minimum underwriting obligations; underwriting may only be used to fulfil obligations and, if the entire offer is underwritten, obligations cover the whole offer. Act-Rules SEBI Mon, 28 Jan 2019 09:54:33 +0530 https://www.taxtmi.com/acts?id=35646