https://www.taxtmi.com/acts?id=35651 Regulation 18 requires issuers and merchant bankers to ensure specified securities are allotted and application moneys refunded within fifteen days from issue closure; if allotment or refund is delayed beyond that period, the issuer must pay interest at the rate and within the time disclosed in the offer document. en-us Mon, 28 Jan 2019 10:03:42 +0530 Mon, 28 Jan 2019 10:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35651 Regulation 18 requires issuers and merchant bankers to ensure specified securities are allotted and application moneys refunded within fifteen days from issue closure; if allotment or refund is delayed beyond that period, the issuer must pay interest at the rate and within the time disclosed in the offer document. Act-Rules SEBI Mon, 28 Jan 2019 10:03:42 +0530 https://www.taxtmi.com/acts?id=35651